Will Madison Square Garden Be Torn Down in Ten Years?
Madison Square Garden may need to find a new home in ten years. On Wednesday, the New York City Council voted 47-1 to extend the Garden’s operating permit for a decade, instead of extending the permit indefinitely as the owners had requested. The Council wants the venue relocated in order to make room for the redevelopment of Penn Station, which is currently located beneath MSG.
This decision comes after the Madison Square Garden Company’s 50-year operating permit expired earlier this year. The company is also just a few months from finishing a three-year, almost $1 billion renovation of the venue.
Madison Square Garden has hosted plenty of memorable concerts over the years. The Grateful Dead, Phish, Elvis Presley, Led Zeppelin, Bo Diddley, Chuck Berry, The Who, The Rolling Stones, Eric Clapton, Roger Waters, Michael Jackson and many, many more have graced the stage there over the years. The venue also hosted George Harrison’s legendary Concert for Bangladesh, and is the only place that all four Beatles have played following the band’s dissolution.
While the Madison Square Garden Company only has ten more guaranteed years at their current location, the company hopes that they will be able to renew their operating permit when it expires in a decade—so yesterday’s vote does not necessarily mean the end of MSG as we know it.