Can Moynihan Station survive the loss of Madison Square Garden?

The Moynihan Station project hit another roadblock with Madison Square Garden’s departure from the deal table. Our readers were split almost down the middle this week. Many of you (46%) think the project has lost most of its steam, while an almost equal number (40%) believe the Garden’s owners will return to negotiations. Only 14% think the redevelopment project will make progress without the help of New York’s most famous arena. Kent Barwick, president of the Municipal Art Society, was nice enough to give us his thoughts on the subject.

“We don’t really know what went wrong this time. Madison Square Garden is rumored to be very difficult to negotiate with. It was rumored that the state thought it had a deal. The arena chose to walk away from the table; of course, they’re a private company and they can do it. But we think there is so much in this for them. Now they have the chance to replace the arena—the well worn, fatigued and difficult-to-get-into Madison Square Garden—with a brand new state-of-the-art facility. We hope that not having to close the place while this goes on will lure the Garden back to the table.

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