The $14 billion (GBP7 billion) plan was unveiled by the Empire State Development Corporation on Wednesday (24Oct07), and, if approved, Madison Square Garden will be knocked down and then rebuilt two blocks away.
The arena will need to be demolished so that plans to revamp Penn Station and convert the nearby General Post Office building into another train station can be achieved. [Wikipedia reports also that "As of September 2007, the Garden's current owner, Cablevision, has plans to build a fifth Garden. If the project moves forward, a new Garden would be built at the western end of the James Farley Post Office/ Farley Annex, on 33rd Street and Ninth Avenue across the street, which is also eyed for a western expansion of Pennsylvania Station."] - more on this story
Click here to read today's full report
Preview and Purchase Billy Joel CDs
On the Blue: New Horizons Cruise Days 4 & 5: Starship Lands on the Pearl, Alan Parsons Takes It Home
Kandace Springs - Run Your Race
On the Blue: New Horizons Cruise Day 1: Marbin Gets the Fun Started
Hot In The City: Prog Band Tu-Ner Coming to Phoenix
blink-182 Launching North American Stadium And Arena Tour
Watch David Gilmour's 'The Piper's Call' Video
Check Out Powerman 5000 'Dancing Like We're Dead'
The String Cheese Incident Take Fans On Epic 'Roll Around The Sun'
Watch Motley Crue's 'Dogs Of War' Video
Richie Sambora Returns With 'I Pray', The First Of Four New Songs
The Smashing Pumpkins Reveal New Guitarist
Linkin Park Top Hard Rock And Vinyl Albums Charts With Papercuts