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NYC mayor opens feud with MSG

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07:46 AM ET 01.28 | In the eyes of Mayor de Blasio, The World's Most Famous Arena is getting a bit of a free ride. [de Blasio] said he backs stripping Madison Square Garden of a lucrative tax break. During testimony at a legislative budget hearing, de Blasio said he supports legislation in Albany to revoke the $16 million annual property tax break that MSG will receive forever. "We can't ask the taxpayers to look the other way while a very well-endowed corporation, a profitable corporation, receives a tax cut for a piece of land that is among the most valuable on earth," he said. Gov. Cuomo opposes overturning the break, and State Senate Republican Leader Dean Skelos also expressed opposition Monday. "It's like a tax frenzy going on down there and that is the last thing the people of the city need," Skelos said.

New York Daily News

Madison Square Garden, Getty Images Madison Square Garden, Getty Images
Comment #1 has been removed
January 28, 2014  08:35 AM ET

Dolan blows that much food & drinks.

Not sure why the gov is against this.

January 28, 2014  08:36 AM ET
QUOTE(#1):

Barclays Center is nicer, anyway.

Soon to be home of the Fish Sticks (aka Islanders)

January 28, 2014  09:28 AM ET
QUOTE(#2):

Dolan blows that much food & drinks.Not sure why the gov is against this.

DiBlasio has to maintain his "populist" facade, and Cuomo is a tad more realistic, knowing full well that the Dolans will leave NYC if he has to pay.
I for one have never understood this need to cater to these guys (owners) to the level that the localities do. You know what? Playing in NYC, or indeed ANY big city is (mostly) beneficial to the team. Does Dolan think for a minute he would be able to function as he does in say...Bismark, N.D.? This is not to cast aspersions on Bismark, but I think these guys forget that their little sandboxes and ice houses need people to fill them. Even Steinbrenner realised it, when he was stamping his feet that he would move to jersey. he got some of what he wanted....but not all

January 28, 2014  09:28 AM ET
QUOTE(#3):

Soon to be home of the Fish Sticks (aka Islanders)

yup...and from what i hear, not a good barn for hockey

January 28, 2014  09:54 AM ET

This dude better be careful what he wishes for. In decades past, Christie Todd Whitman basically revamped Jersey City and Hoboken with NYC companies by luring them away with tax breaks. The city is emptying out slowly but surely. When everyone is offering tax breaks to move to their locale, companies jump. Add in 9/11 when you lost all those offices (and lives), companies began to scatter offices....most of the big banks are scattering non-essential (read as non-profit generating) personnel to satellite offices outside the greater metro area (ie. Wilmington, Baltimore, Florida). NYC aint what it used to be. Most of Wall Street is being converted from office spaces to condo's. (i.e Chemical Bank building, AIG on Pine Street etc.) Deutsche Bank etc......

Then again, it is the oldest barn. Built in '68, and traditionally the worst ice surfice in the NHL with basketball, concerts and the circus moving through on various nights. Maybe Messier can move them to Kingsbridge, DA south bronx, as part of his project.

January 28, 2014  09:57 AM ET

It's all just posturing. They'll roll it back a bit from $16mil, but not revoke it.

Dolan could always just sell the place and the teams. That might be a win-win for everybody!

January 28, 2014  09:57 AM ET

NYC mayor opens feud with MSG

Suddenly those 16 ounce sodas don't seem so bad. :0)

January 28, 2014  10:13 AM ET

What, he's been Mayor all of three weeks?

January 28, 2014  10:29 AM ET

Unfortunately, every arena/stadium/sports venue in the country has been built on the backs of taxpayers in one way or another and many of them only exist/function at all because of taxpayer's "generosity." Never mind that nobody's ever asked us if we want to pay for the rich boys toys or not. But, really, why should a cash cow like the MSG get a free hand in raping taxpayers? They're filthy rich.

January 28, 2014  10:30 AM ET
QUOTE(#1):

Barclays Center is nicer, anyway.

Agreed. Even with the renovation, the Garden is still subpar to Barclays.

January 28, 2014  10:34 AM ET
QUOTE(#8):

NYC mayor opens feud with MSGSuddenly those 16 ounce sodas don't seem so bad. :0)

Not only that, I try to avoid msg on my food too. Its not good for you.

January 28, 2014  10:34 AM ET
QUOTE(#4):

DiBlasio has to maintain his "populist" facade, and Cuomo is a tad more realistic, knowing full well that the Dolans will leave NYC if he has to pay.

And go ... where? Albany? Las Vegas? Hartford? These boys aren't stupid. They'll kick and scream bloody murder and threaten to leave but, in the end, they know where the money is. They're going nowhere.

January 28, 2014  10:36 AM ET
QUOTE(#12):

Not only that, I try to avoid msg on my food too. Its not good for you.

Should consider going gluten free too.

January 28, 2014  11:25 AM ET

I cannot imagine someone who lives near there paying thousands in annual property tax is all to thrilled to see his portion mandatory , but MSG getting a multi million dollar pass.

January 28, 2014  11:37 AM ET
QUOTE(#15):

I cannot imagine someone who lives near there paying thousands in annual property tax is all to thrilled to see his portion mandatory , but MSG getting a multi million dollar pass.

no kidding...but all of those things...did you know the NFL is considered a not-for-profit, and therefore pays no taxes?

January 28, 2014  11:41 AM ET
QUOTE(#8):

NYC mayor opens feud with MSGSuddenly those 16 ounce sodas don't seem so bad. :0)

New Mayor.
Bloomberg is gone. De Blasio is in. All the way in :^)

January 28, 2014  11:43 AM ET
QUOTE(#11):

Agreed. Even with the renovation, the Garden is still subpar to Barclays.

History, man. Cant buy history.

January 28, 2014  11:44 AM ET
QUOTE(#11):

Agreed. Even with the renovation, the Garden is still subpar to Barclays.

I hope you guys win! I want to witness the parade around Marcy Projects, with JayZ and Beyonce, swooning from the rooftops.

 
January 28, 2014  11:49 AM ET
QUOTE(#15):

I cannot imagine someone who lives near there paying thousands in annual property tax is all to thrilled to see his portion mandatory , but MSG getting a multi million dollar pass.

Well.....NYC Subways, LIRR (regional rail serving Long Island), Metro North (another regional rail serving Northern Suburbs) and Amtrak all run underneath. Funning thing is De Blasio is oblivious how much the tax payers subsidize those four. Amtrak being a federally subsidized national passenger railroad. So basically you have taxpayer funded monopolies and he wants to complain about a tax break they received from the city to relocate MSG to its current site from Hell's Kitchen in 1968.

Yes, us taxpayers paid billions for a "Acela" Amtrak speed train to connect us from D.C. to NY to Boston in lightning speed (or so we were promised). But the train actually arrives 12 minutes faster than a regular Amtrak train and $200 bucks above cost for a ticket. Amtrak rents tracks from CSX to run their passenger rail.

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