By the Numbers
The Garden gets uprooted I
t’s been an eventful few weeks for Madison Square Garden, the legendary sports and entertainment venue. In late July, the City Council notified the Madison Square Garden Company — the owner of the Knicks and Rangers franchises — that it has until 2023 to vacate its 45-year-old location above Penn Station. Council members said that should provide enough time for the arena to relocate and for the city to implement plans for an expanded Penn Station. Then last month, MSG lost its bid to redevelop the Nassau Coliseum on Long Island. A team led by Forest City Ratner, which developed MSG rival the Barclays Center, was chosen instead. But all is not lost: MSG recently announced plans to redevelop its Forum arena in Inglewood, Calif. Compiled by Evan Bleier
1879
$39.5 million
Year that Madison Square Garden first opened at Madison Avenue and 26th Street, hosting concerts, sports and other events.
Amount that MSG grossed in concert ticket sales from November 2012 to May 2013.
4
Amount that the Barclays Center grossed in concert ticket sales during the same period, displacing MSG as the highest-grossing music venue in the U.S.
The number of locations MSG has had since then.
1971
The year the Garden hosted boxers Muhammad Ali and Joe Frazier in the so-called “Fight of the Century.”
$46.9 million
$150,000 to $250,000
Additional money a band stands to earn for a sold-out show at Barclays versus one at the Garden.
47 to 1
The City Council’s vote to extend MSG’s land-use permit (essentially a lease) by 10 years. The company had requested it be extended in perpetuity.
15
Years that the Bloomberg administration had requested the land-use permit be extended.
19
Seasons since the Rangers or Knicks have won a national championship.
$250 million
Amount MSG proposed to spend on a renovation of the Nassau Coliseum, which would have included a 150,000-square-foot zone for restaurants and sports bars. Forest City Ratner’s winning bid had a price tag of $229 million.
$980 million
Total cost of an in-progress, three-year renovation at the Garden, which is slated for completion this fall.
Sources: CNN, the New York Times, Forbes, Bloomberg News, the Wall Street Journal, Sports Business Journal, Real Estate Weekly
tOwNhOuSE IN thE SKY
One Fifth Avenue, Penthouse Duplex NIKKI FIELD Senior Global Real Estate Advisor, Associate Broker | 212.606.7669 | nikki.field@sothebyshomes.com | www.nikkifield.com East Side Manhattan Brokerage | 38 East 61st Street, New York, NY 10065 Operated by Sotheby’s International Realty, Inc. Sotheby’s International Realty® is a registered trademark.
20 September 2013 www.TheRealDeal.com
$11,000,000
Compiled by Yaffi Spodek