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When New York City rezoned the West side of Manhattan in 2005, the area along Eighth Avenue where Madison Square Garden is currently located was rezoned to allow up to 5 million square feet of office space. This prompted the owners of the Garden to explore the possibility of relocating MSG into the rebuilt Farley Post Office across the street. If that happens, a portion of the Garden’s current site can be redeveloped for commercial use and the new Moynihan Station, a grand rail station on top of the existing Penn Station, can be built on the rest of the site.

Plans for a new Garden, however, are tied directly to the fate of the Moynihan Station project. Moynihan Station is a $14 billion project that includes the construction of a grand new building on top of the current Penn Station, as well as locating the new MSG, expanded rail facilities, and retail facilities in the Farley Post Office Building. In late 2007, the State released the draft scope for an environmental impact statement for the Moynihan Station project. However, officials at the Garden are believed to be working on plans to renovate the existing facility. Some speculate that is because the progress on completion of the entire Moynihan Station project has been slow, while others believe it is simply a bargaining move by the Garden’s owners. For their part, Garden officials have been requesting design changes to the Farley building that they claim are necessary to the success of MSG in a new location. If the current Garden is renovated and not moved into the Farley building, it is likely that completion of Moynihan Station will not be possible.

Vornado Announces “Plan B” for MSG

After several delays and complications have all but killed an earlier plan to redevelop the Farley Post Office building into a new train station and move Madison Square Garden from its existing location above Penn Station to a site adjacent to the Farley building, Vornado Realty Trust has announced a scaled-down plan to redevelop MSG, as well as the Hotel Pennsylvania across the street. The new MSG plan involves removing the theater and creating two new grand entrances to Penn Station on 7th and 8th Avenues. The Hotel Pennsylvania would get a minor renovation, possibly including the addition of three floors of new retail to be connected to the adjacent Manhattan Mall.

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Schumer Reiterates Call for Focusing on Moynihan Station Before Hudson Yards

In a column in the New York Post, Senator Charles Schumer reiterated his suggestion that the development of Moynihan Station and surrounding area should take precedent over the Hudson Yards project. Senator Schumer stated that he believes that both projects are vital to the future of New York, but that it makes more sense for development to start in the Penn Station area, where transportation infrastructure already exists, and then move westward. The senator outlined four steps to moving forward in developing midtown west: transfer control of the Moynihan Station project to the Port Authority, make improvements to Penn Station by moving some of the NJ Transit and Amtrak operations offsite and working with Madison Square Garden to move the WaMu Theater, move forward with the Moynihan Station project by granting it government approval, and rezone the Penn Station area to allow for more building and offer bonuses to companies that invest in transportation infrastructure.

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Developers for Moynihan Station Committed to Garden Relocation

The Related Companies and Vornado Realty Trust have asked the city and the state to secure a loan that will finance moving Madison Square Garden to the Farley Post Office site which would allow for the larger project known as Moynihan Station to happen. However, if the Moynihan Station project falls through, the state and the city would be responsible for the costs of the new arena, totaling almost $1 billion. Under this proposal, construction of the new arena could begin soon while final approval for the larger project is still worked out. The Garden remains committed to renovating, not relocating.

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Moynihan Station Project Could Continue Without the Garden Moving

Talks continue on the future of Moynihan Station despite the major setback that Madison Square Garden will renovate their facilities instead of relocating. Those familiar with the negotiation process have said that Moynihan Station could still become a reality even without the Garden relocating. A rezoning is still needed to make the project happen, however, newly-seated Governor David Patterson has yet to focus much attention on the project.

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Renovation Plans Announced for MSG

Madison Square Garden, the second oldest NBA and NHL arena, announced plans for interior renovations that will reconfigure many of the concourses, lobbies, entrances, seating and concessions. According to executives from the Garden, the renovation work, totaling $500 million, can be done through building permits and does not need further public and city approval. With renovation on the horizon, plans for Moynihan Station are looking dim considering that the development is contingent on the Garden relocating.

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Uncertainty Over Garden’s Decision to Renovate Leaves Many Parties Speculating

Various stakeholders involved in the Moynihan Station project are unsure how serious Jim Dolan, owner of Madison Square Garden is, on renovating the arena. Some speculate that Dolan is just using political maneuvers to put himself in a better position if and when discussion on Moynihan Station resume. If he does stick to his renovation plans, he must receive City Council approval. That could be difficult considering that Speaker Christine Quinn supports the Moynihan Station project and released a terse statement against the Dolan’s decision to renovate.

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City Officials Maintain Hope That MSG Will Rethink Withdrawal from Moynihan Project

One day after Madison Square Garden’s announcement that it would be renovating its current space rather than waiting for the Moynihan Station project to move ahead, City officials are expressing optimism that they may be able to persuade the Garden to rethink its decision.

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Garden will Be Renovated; Moynihan Station Plans in Limbo

The Dolan Family, owners of Madison Square Garden, announced that they will be renovating the current stadium instead of pursuing options to relocate. As part of the plan to expand and renovate the Pennsylvania Train Station, located below the Garden, the stadium will have to be moved. Some believe that the announcement was a ploy to further the Dolan’s position in the ongoing negotiations. The Garden agreed to relocate in 2005 but have become increasingly frustrated by the slow pace that the development plans have progressed. The pace has been set by a complicated negotiation process that involved many different parties, the slowing economy, and the lack of public financing. In recent weeks, there have been talks about having the Port Authority involved in the Moynihan Station project because they have the financially backing and expertise to do the work.

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Port Authority May Provide Financial Support to Penn Station Project

Sources are reporting that the Port Authority of New York and New Jersey may help to fill the $1 billion funding gap for the Pennsylvania Station redevelopment project. The project is estimated to cost roughly $2.3 billion, with funds coming from the developers, Vornado Realty Trust and Related Companies, and the city and state government. A representative from the Port Authority declined to comment.

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New Penn Station Plans Unveiled

Governor Spitzer announced his plan for Moynihan Station, the new Madison Square Garden and the surrounding area. The plan includes moving the Garden to the old Farley Post office, building two new skyscrapers, and creating a major retail hub in the renovated Penn Station. The state’s plan also proposed rezoning the area for commercial and residential development, and creating 4.3 million square feet of transferable development rights.

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First Step in Environmental Assessment Set for Remake of Penn Station

The state is expected to release the "draft scope of an environmental impact statement" today for the remake of Pennsylvania Station. Many believe that the state has been working to develop a cohesive plan for the project that involves many different interests, including Amtrak, the MTA, New Jersey Transit, the developers, Madison Square Garden, the city and the surrounding community. The release of the EIS is the first public action for Governor Spitzer's administration on the project. The current proposal would move the Garden to the old Farley Post Office and disperse new development throughout the area.

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Garden Owners Ask For Alterations to the Farley Post Office

The owners of Madison Square Garden have stipulated that they must be able to make major alterations to the James A. Farley Post Office building before they agree to move the Garden to the building's western section. Since the Post Office is landmarked, certain changes could put its tax credit status in danger. The National Park Service has yet to assess the impact of the proposed modifications. The Empire State Development Corp. (ESDC) is currently working on a supplemental environmental impact statement for the plan.

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Vornado Finalizes Purchase of Manhattan Mall

Vornado has closed on its acquisition of Manhattan Mall on Sixth Avenue for $689 million dollars. Vornado also owns the Pennsylvania Hotel across the street and a large portion of the office space in nearby Penn Plaza. Vornado is one of the developers involved in plans to redevelop Madison Square Gardens and the Farley Post Office into Moynihan Station.

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Developer Says Construction On New Madison Square Garden To Start In 2008

Stephen Ross, a major real estate developer, has predicted that construction will soon begin on a plan that involves building a new Madison Square Garden inside the Farley Post Office building, renovating Penn Station, and erecting office towers in the surrounding area. Pataki administration officials say that Mr. Ross's projections are wildly optimistic. The administration is hoping to revive the plan to convert the Post Office building into a train station.

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Stephen Ross to Chair Real Estate Board of New York

Chairman and CEO of Related Companies, Stephen Ross, will be the next Chairman of the Real Estate Board of New York (REBNY). Ross will serve a two-year term at the Board, which begins on January 1, 2007. Ross, whose Related Companies has been a developer on many large scale projects including the Time Warner Center, will help to influence many municipal matters concerning land use, tax policy, city planning, and zoning.

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Next NY Governor Has Big Development Challenges Ahead

Eliot Spitzer or John Faso, New York State gubernatorial candidates, will face a laundry list of state needs upon the outcome of Tuesday’s election. Particularly daunting is the complex combination of development projects: World Trade Center Site, Moynihan Station, and Madison Square Garden. The New York Sun assesses the biggest challenges facing the candidates.

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Major Building Planned For West Side

A New York developer is planning a new office development across the street from the proposed Moynihan Station project. According to the New York Post, Brookfield properties intends to build a platform over an exposed rail yard between Ninth and Tenth avenues creating a site that could support up to 4.7 million rentable square feet.

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Moynihan Station: The Silver Version

After blocking approval of the current plan to turn the Farley Post Office Building into Moynihan Station, Assembly Speaker Sheldon Silver said a new version of the plan could be approved within six months. The Silver-endorsed plan proposes moving Madison Square Garden across Eighth Avenue and into the rear half of the post-office building.

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A Simplified Design For Moynihan Station

According to the New York Times, the most current design for the stalled Moynihan Station has been pared down from earlier iterations. Starting in 1999, three successive design teams have created visions for the former post office. While one critic calls the latest design an “uninspired matchbox covered with a glass roof,” officials say the simplicity will result in a gain in space for passengers.

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The Political Battle Over Moynihan Station

New York Magazine analyzes the political maneuvering underlying the battle over Moynihan Station. With the Governor, Assembly Speaker, and owners of Madison Square Garden all interested parties, the magazine notes that there are "no shortage of agendas."

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Moynhihan Station: Dead? Or Simply On Hold?

The Pataki administration has declared the $900 million Moynihan Station project “dead” after State Assembly Speaker Sheldon Silver refused to endorse it. The project did not receive required approval from the state’s Public Authorities Control Board. The New York Times reports that the project could be revived under the next governor’s administration, perhaps even reconfigured to include the proposed relocation of Madison Square Garden. In the aftermath of yesterday’s events, a Pataki administration official referred to Silver as “sorry-minded politician,” while Silver said the administration was only concerned with “photo-ops and cornerstones.”

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Another Moynihan Delay

The fate of the Moynihan Station project remains uncertain after a state panel again failed to approve the $900 million project. The three-member Public Authorities Control Board did not take a scheduled vote last Friday on the proposal to convert the Farley post office into a train station. Governor Pataki and Assembly Speaker Silver remain at odds over the financing and scope of the project.

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Silver On Moynihan Station: More Needed For NYC Residents

Assembly Speaker Sheldon Silver has said that he opposes the current form of the plan for Moynihan Station because it would benefit only commuters from New Jersey. Silver is supporting a plan to move Madison Square Garden into the back of the Farley Post Office Building and to renovate Penn Station.

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Vote Set On Moynihan Station

After about eight years of planning, Governor Pataki and his development team have pushed to start construction on Moynihan Station before they leave office at the end of December. The $900 million project would remake the Farley Post Office building on Eighth Avenue between 31st and 33rd Streets into a transit hub. The developers for the project have also introduced an ambitious plan to move Madison Square Garden to the west side of the Farley building.

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Key Moynihan Station Vote Delayed

The Pataki administration chose to delay a critical vote on Moynihan Station for fear that the outcome would jeopardize the project’s future. The administration and the state assembly are at odds over financing for the $900 million plan to convert the city’s main post office to a transit hub. State comptroller Alan Hevesi and Assembly Speaker Sheldon Silver have both raised questions about the feasibility of the current financing plan.

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Fears That Moynihan Station Delays Could Endanger Federal Funds

Assembly Speaker Sheldon Silver has postponed final approval of the state's plan to build Moynihan Station. Mr. Silver's objections to the current plan – echoed by gubernatorial hopeful Eliot Spitzer -- are based on unanswered questions around the project’s cost and potential impacts from the related proposal to move Madison Square Garden. Proponents of the project fear that the delay could cost New York about $130 million in federal funds.

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D'amato Challenging Moynihan Station

Sources say Mr. D'Amato, the powerful former Republican senator from New York who has been a registered lobbyist for Madison Square Garden, has been spending part of his energies working against the Pataki administration's proposal to transform the Farley Post Office building into Moynihan Station.

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Bloomberg Addresses Spitzer Opposition

After Eliot Spitzer published remarks against the development of major New York projects (the Moynihan train station, James a. Farley General Post Office, and the West Side railyards) Mayor Bloomberg has responded on his weekly radio program. Bloomberg wants less interference from Spitzer and more respect for Governor Pataki’s final term in office. Spitzer maintains that he will still continue to speak out on his opinions concerning the projects.

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Moynihan Station Pushes On

Developers Steven Roth and Stephen Ross have appealed to the state economic czar Charles Gargano, to allow them to pursue the construction of the Moynihan station despite indecision on Madison Square Garden’s fate. The developers said that they believe “the functional heart” of the new station is too important as a transportation hub and economic center to delay its construction. Roth and Ross are aiming to close on their development deal with the state by September 30th.

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Not Just Yet: Moving Madison Square Garden

President of the Municipal Art Society, Kent Barwick discourages a hasty move for Madison Square Garden to the back of the Farley post office, while building a new Penn Station. The location and use of the area is too important not to thoroughly consider all options before making any drastic steps. Since this is the public’s tax money, we owe it to ourselves to ensure that the Moynihan project will be a good investment.

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Right On Time: Moving Madison Square Garden

Manhattan borough president, Scott Stringer thinks relocating Madison Square Garden is right on time. New Yorkers need a new Penn Station and building the Moynihan Station would help to alleviate the traffic of everyday commuters. If MSG is not allowed to move, its owners will resort to onsite renovations, leaving the underground Penn Station doomed to its current overcrowded state.

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Moynihan Project Delayed

The Public Authorities Control Board says there still remains too many unanswered questions about the Moynihan Station Project to grant an approval to begin construction. Adding to the fray is a new proposal to expand Penn Station by moving Madison Square Garden a block west, behind the post office building. The continued delays upset some supporters of the plan but delighted others who think its important to fully outline the project before approval can be passed.

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MSG Plan Taking Shape

State officials want Mr. Roth and Mr. Ross to wrap up the negotiations on the Moynihan Station plan, put up an initial $150 million and break ground in the fall. A separate deal with the Garden and the city would mean delays for public hearings and an environmental review.

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Developer Talks About Profit

Vornado Realty Trust announced their potential value creation of around $1.2 billion for the development of Moynihan Station, Madison Square Garden, and other properties in the area.

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State Wants Construction Now But City Says Wait

The Governor's development czar Charles Gargano is anxious to get started with construction at Moynihan Station but the city is holding out in order to sort out whether the Madison Square Garden will move or not.

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Station as a Spur to the West Side Development

A public hearing is scheduled for today and approval of a plan for Moynihan Station is targeted for summer. The debate about the location of the new Madison Square Garden and whether or not it will continue to receive its tax breaks, is heating up.

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It All Depends on the New MSG

Hearings will begin next week on the plans for the new Madison Square Garden. Lots is riding on the decision whether to build a new coliseum or to renovate the existing one right where it is. Since the Empire State Development Corporation released its plans for the design of Moynihan Station, much depends on MSG.

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Lobbying Begins for New MSG Project

With the specifics of the Madison Square Garden project beginning to emerge, developers Steven Roth of Vornado Realty and his partners at the Related Companies are attempting to convince Mayor Michael R. Bloomberg that moving the Garden one block west to Ninth Avenue would open up a historic opportunity to transform a dowdy and claustrophobic transit hub, overhaul an important corner of the city and generate tens of millions of dollars in tax revenues.

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Interview With ESDC Chairman

Interview with Empire State Development Corporation Chairman Charles Gargano. He talks about several projects going on and his vision for New York City.

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Redesigned Moynihan Station Unveiled

State officials and developers announced a new design for Moynihan Station, which will occupy the space currently home to the Farley Post Office. The design, from architect David Childs, features an open glass skylight over much of the interior.

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Where is the New MSG Going?

The recently unveiled design for Moynihan Station raises the question: where exactly will the new Madison Square Garden be located?

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The City that Never Sleeps – On Sports

New York is on its way to becoming sports central with the possible adoption of nine new projects all to build major game venues. The Yankees, Mets, Knicks, Rangers, Jets, Giants, Devils, Islanders and soon to be Brooklyn Nets, all have plans to construct new arenas in and around the city. Officials say it will boost the economy while locals object to losing park space and increased traffic.

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Taxpayers Should Get Out of The Stadium Business

Columnist Raymond Keating writes that sports teams ultimately boil down to businesses and that tax dollars should not be used to fund their stadiums. "The only reason teams get taxpayer subsidies is due to the economic stupidity of politicians."

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Arena Upgrades All Around

It has been 25 years since New York has seen a new professional sports venue. Now, virtually every team in the city is aspiring to move to a new facility. The Yankees, Mets, Jets, Giants, Knicks, Nets, Rangers, Devils, Islanders, and NASCAR have all indicated their intention to upgrade their current facilities.

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MSG Move Far From Certain

During a Credit Suisse Real Estate Conference late yesterday afternoon, Vornado CFO Joseph Macnow said that any agreement to move MSG over a block is "a long was from being done."

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MSG Demands Tax Exemption

MSG's owner is insisting on keeping the $11-million-a-year property tax exemption if it moves. City officials have said that they have no plans to continue the tax breaks if the garden switches locations.

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Lots of Dollars: Little Sense

Economists are nearly unanimous in the opinion that cities get very little from public spending on new arenas, so why does the money flow so freely? The answer, according to the same economists, is based on politic influence and an irrational tendency known as "fandom."

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MSG: Tax Dollars?

If a new MSG is built, the current MSG site, which was recently rezoned to hold as much as 5 million square feet of office space, would be ripe for development.

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A Taxing Proposal?

While there is a lot of talk about a Madison Square Garden move, talks on the tax consequences have been much quieter. What form of tax subsidy will follow the Garden on its move?

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Cablevision To Move MSG

Madison Square Garden is to become part of the Farley Post Office/Moynihan Station project. Work on moving the Garden is expected to begin in 2006.

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Talks of Madison Square Garden Moving One-Block West -- Impact on Moynihan Station

Moving Madison Square Garden a block west may affect the development of Moynihan Station. Charles A. Gargano, the state's top economic development official and Chairman of the Moynihan Station Development Corporation has agreed to consider the proposal, but does not "want it to delay the transportation project, which is the primary purpose here."

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Owners of MSG in talks to move Garden one block west

Owners of Madison Square Garden are in talks with developers to move the arena one block west, to sit next to the future site of Moynihan Station.

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