History
On February 11, 1968, the current Madison Square Garden (sometimes referred to as Madison Square Garden IV) opened after the Pennsylvania Railroad tore down the above-ground portions of Pennsylvania Station. The new structure was one of the first of its kind to be built above the platforms of an active railroad station. It was an engineering feat constructed by Robert E. McKee of El Paso, Texas. Public outcry over the demolition of Pennsylvania Station structure—an outstanding example of Beaux-Arts architecture—led to the creation of the New York City Landmarks Preservation Commission. The Garden is located in the office and entertainment complex formally addressed as Pennsylvania Plaza and commonly known as Penn Plaza, named for the railroad station. New Arena For the New York Knicks Will Be annouced in 2014 will play at madison square garden until 2014
In 1972, the Garden's chairman, Irving Mitchell Felt, proposed moving the New York Knicks and Rangers to a venue in the New Jersey Meadows (now completed and known as Meadowlands Sports Complex or Izod Center). The Garden was also the home arena for the NY Raiders/NY Golden Blades of the World Hockey Association. The Meadowlands would eventually host its own NBA and NHL teams (the New Jersey Nets and the New Jersey Devils, respectively). The NFL's New York Giants and Jets also relocated there. Felt's efforts fueled controversy between the Garden and New York City over real estate taxes. The disagreement again flared in 1980 when the Garden again challenged its tax bill.
In 1991, Garden owners spent $200 million to renovate facilities and add 89 suites in place of hundreds of upper-tier seats. The project was designed by Ellerbe Becket. In 2004–2005, Cablevision battled with the City of New York over the proposed West Side Stadium, which was cancelled. Cablevision then announced plans to raze the Garden, replace it with high-rise commercial buildings, and build a new Garden one block away at the site of the James Farley Post Office. Meanwhile a new project to renovate and modernize the Garden completed phase one in time for the Rangers and Knicks' 2011–12 seasons, though the vice president of the Garden says he remains committed to the installation of an extension of Penn Station at the Farley Post Office site. While the Knicks and Rangers will not be displaced, the New York Liberty will play at the Prudential Center in Newark, New Jersey during the renovation.
The renovated lower bowl opened on October 27, 2011, with features including new lower-level luxury suites and clubs. The number of restroom facilities was also increased, and following the renovations the quantity and variety of food options will also increase. The renovation is scheduled to be completed in 2013.
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