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Madison Square Garden unveils $500 million upgrade |
New York's Madison Square Garden on Thursday vowed to spend $500 million of its own money to renovate its 1968 arena, rejecting plans to move as part of a $14 billion overhaul of the adjacent Pennsylvania Station.
Hank Ratner, vice chairman of the Garden and Cablevision Systems Corp, when asked if there was any alternative the state or city could offer to persuade him to move, told reporters, "No, there is not. We are committed."
He later added: "We will renovate the arena and we will not be moving."
"We can accomplish anything we want by renovating," Ratner said, ad... More > |
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