Madison Square Garden, home to the New York Knicks and New York Rangers and host of many keynote performances and sporting events, is going to be relocated within the next 10 years, according to a report in the New York Times.
The New York City Council voted 47 to 1 in favor of moving Madison Square Garden from its current location to make way for a revamped Pennsylvania Station. James L. Dolan, who controls the arena, has been notified that he has 10 years to evict from the premises that Madison Square Garden has occupied for the last 45 years.
Since Madison Square Garden opened in 1879, this would mark the fifth occasion that the arena has been relocated. City Council speaker Christine C. Quinn said that this is "the first step" of the relocation process in order to build a Penn Station "suitable for the 21st century" in New York City. Dolan recently spent $968 million on renovations to the current Madison Square Garden which are expected to be completed by the fall.