Reply With QuoteDo you think it's actually going to be completed? Or is it just going to stay on the books, but with no actual progress.
Well, quite frankly it hasn't. Too many people have too much vested interest in it for it to just completely die.
Do you think it's actually going to be completed? Or is it just going to stay on the books, but with no actual progress.
It wont be completed for years but something will happen here.
Why would the cheap Dolans spend $500m of their own money when they can get a new arena for free? Also, can the city completely block the Dolans' proposed renovation? If so, if the Dolans derailed this project, they could be stuck in a dumpy arena, and I guarantee that their property tax exemption will be gone.
The new arena would not have been free (but I'm sure there would have been incentives).
Since the renovation doesn't involve an expansion, they don't need City Council approval. Just DOB permits.
City Council and mayor should, if possible, pass a measure to revoke the tax break.
Thanks for the info. I thought that I read that Vornado and Related were paying for the new MSG as incentive for the schmuck Dolans to leave MSG.
Paterson Wants Port Authority to Take Over Moynihan Station [UPDATED]
by Eliot Brown | May 2, 2008
Governor David Paterson said today that he will likely move Moynihan Station under the purview of the Port Authority, dropping the imbroglio on the plate of soon-to-be-announced executive director Christopher Ward.
From The Observer’s Em Whitney:
David Paterson was on the WFAN "Boomer and Carton" show this morning, expressing frustration over the city’s stalled major development projects.Also in the article:
“What I’m going to do," Paterson told the hosts, "is probably move construction of Moynihan [Station] to the Port Authority, which I think has a better chance of getting it done quickly and I hope that we can start construction quickly enough that we can reverse plans that exist.
Paterson doesn’t fault the Dolans. “I don’t blame them for reacting to that,” he said, “because one of the things that frustrated me about government—and I am in government—is the excessive delays to plans.”Update 4:00 p.m.
The folks at Senator Schumer's office just sent over this statement from him. Mr. Schumer has been publicly pushing the idea since March:
“Putting the Port Authority in charge of the Moynihan Station project is the right move because they have the resources and expertise needed to jumpstart this vital project. I commend Governor Paterson for his swift leadership on this issue and look forward to working with him, and all involved, to finally make Senator Moynihan’s dream a reality.”© 2008 Observer Media Group,
http://www.observer.com/2008/paterso...ynihan-station
From Curbed:
Easy Fix For Moynihan Station Plan: Buy the Garden
Wednesday, May 28, 2008, by Joey
--------------------------------------------------------------------------------
Who doesn't love that wacky Dolan family, with their vanity blues bands, reggaeton-flavored digital cable commercials and ill-timed arena renovation announcements? We'll tell you who: the developers involved in Moynihan Station. So, amidst efforts to try and lure Madison Square Garden's owners back into the Moynihan/Penn Station fold, developers Vornado Realty Trust and the Related Companies may be pursuing a new plan of action, the Observer's Eliot Brown reports:
According to multiple people familiar with discussions, the joint venture of the Related Companies and Vornado Realty Trust wants the Port Authority to come in and buy the current Madison Square Garden, along with its hotly desired air rights, a task that would cost somewhere between $1.5 billion and $2 billion. The developers have told officials that this purchase by the public sector, which would be effectively paid back by the developers should the entire project come together, is necessary to right the troubled large-scale plan.
No word on whether that $2 billion would be put toward paying out Isiah Thomas's contract.
God I hate that commercial.Originally Posted by Dynamicdezzy
Thank God it doesn't appear to be on TV anymore
I find it extremely demeaning.
877 393..4..4..4..8....
Sorry, couldn't resist. I too am happy that ad is off the air. Although there was something amusing about the fact that that was the best marketing plan the Dolans and their crackerjack ad team could come up with.
Well the girls were the silver lining.
877 393..4..4..4..8....
Sorry, couldn't resist. I too am happy that ad is off the air. Although there was something amusing about the fact that that was the best marketing plan the Dolans and their crackerjack ad team could come up with.
The Dolans' maketing for their io service was just as terrible as their current plan to renovate Madison Square Garden
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