Manhattan Borough President Scott M. Stringer

The decision to demolish Penn Station nearly 50 years ago haunts New York City today as we grapple with the need to expand our rail transit capacity in the 21st century. The current version of Penn Station, pinned beneath Madison Square Garden, is not merely an unsightly and unwelcoming entrance to our City, it is an overburdened facility that is incapable of being expanded with Madison Square Garden at its current location. That is why I am convinced that Madison Square Garden must move.

Ensuring that Penn Station could be modernized to meet future transit demands was the key issue facing my office when we recently reviewed Madison Square Garden’s request for a permit in perpetuity to continue operating in its present location. After an intensive review, I endorsed a 10-year permit and also recommended that we begin steps to relocate Madison Square Garden to a nearby site to pave the way for a badly-needed expansion of Penn Station. Fifty years ago, the station accommodated 200,000 daily passengers. Today it serves over 650,000—and the total will swell in future years.

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Regional Plan Association event featured a variety of discussions on how the New York metropolitan region might face climate change, tackle transportation advancements. The Regional Plan Association, a non-profit urban research and advocacy organization, focuses on planning for economic competitiveness, quality of life, and long-term sustainability in the region that includes New York City, Long Island, Westchester and Orange counties, western Connecticut and northern New Jersey. On April 19, 2013, the Association held its 23rd Annual Assembly to discuss the challenges the region faces, and to plan a livable, sustainable, and economically strong future for the area. The Association recently commenced work on its regional plan, which will be the fourth since the organization’s inception in 1929. The plan will address climate change, deteriorating infrastructure, population increases in urban centers, and the lack of affordable housing, among other issues.

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Resolution asks Albany to end Madison Square Garden’s property tax exemption. On January 30, 2008, the City Council passed a resolution calling upon the State legislature to revoke Section 429 of the State’s Real Property Law, which allows Madison Square Garden to receive a full property tax exemption.

The exemption dates back to 1982 and allows the Mayor to negotiate with the Garden to ensure the Knicks and Rangers continue to use the facility because “the presence of professional major league sports teams greatly contributes to the general and economic welfare” of the local community. The exemption was intended to keep sports teams in the City by easing the economic burden associated with running a professional sports facility. According to the Independent Budget Office, the tax break will save Cablevision, which owns the Garden and both sports teams, $11 million during fiscal year 2008. (read more…)