The City Council is set to extend Madison Square Garden’s permit to operate its arena atop Penn Station for five years — half of what the Adams administration approved earlier this year and well below the arena’s desire to stay permanently, as transit officials seek to redevelop the long-maligned train hub below “The World’s Most Famous Arena.”
The Council’s Subcommittee on Zoning and Franchises and Land Use Committee cast the vote on Monday at a hearing delayed by several hours as negotiations were finalized. The full Council must still approve the permit — typically a formality if already approved in committee — before going to a review by the City Planning Commission and finally to the mayor.
