NEW YORK CITY-Comments made by New York City Mayor Michael Bloomberg on Tuesday have some believing the city's chief executive is at least considering limiting Madison Square Garden's special use permit to 10 to 15 years, instead of the 50 years MSG executives are hoping for.
"Fundamentally, I would like to leave businesses alone," the mayor said at a Tuesday press conference. "Having said that, there are public purposes."
The mayor said that government has a history of impelling private citizens and groups to bow to the public will, according to Crain's New York Business. Mayor Bloomberg later added, "Because you need transportation and you need space for schools and other things, there's eminent domain, you have tax policies you can use to disincent, or permitting to do that, and you have to look at each one of these."
He later ruled out eminent domain but suggested that the permitting process could be used to move the “world's most famous arena” in order to rebuild Penn Station. See story in Crain's New York Business.
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John Jordan
John Jordan is a veteran journalist with 36 years of print and digital media experience.
