MSG executives announced a plan this afternoon for the renovation of the existing Madison Square Garden. In announcing this plan, MSG execs have essentially dashed the hopes of local politicians who were hoping to include a new Madison Square Garden as the centerpiece of the $14 billion plans for the new Penn Station between 8th and 9th Avenues, and 31st to 33rd streets.
The $500 million renovation plan calls for an overhaul of both the inside and outside of the World’s Most Famous Arena, and is scheduled to be ready for the 2011-2012 Rangers and Knicks seasons. The work will be done primarily over the summers of 2009 and 2010, and will not displace any Rangers or Knicks games.
Major changes include the construction of a glass-enclosed atrium with 25-foot ceilings at the 7th Avenue entrance, a complete overhaul of the interior concourses, and the addition of luxury suites at both the floor and middle levels of the arena. The seating capacity will remain the same.
Photos from Newsday.com