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Entries from Gothamist tagged with 'taxbreak'

January 31, 2008

The City Council voted 40-3 to end the tax breaks Madison Square Garden has enjoyed since 1982. It's estimated that the city has lost almost $300 million in potential revenue in subsidies to the "World's Most Famous Arena." Although the City Council wants the tax breaks to end (our favorite quote is from Councilman Lew Fidler: "I have spent my entire life as as Knicks fan, and I doubt if there's anyone who loves the......

Continue Reading "City Council Votes in Favor of Ending MSG Tax Break"

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