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Madison Square Garden

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Topic: Madison Square Garden, often known, as “The Garden” has been the focal point for sports and entertainment in New York City since it’s inception in 1879. The Garden is a building that generates millions of dollars of revenue a year by hosting events. Because of the buildings nature there are different laws and regulations that it must comply with.
Summary: Commonly referred to as the “World’s Most Famous Arena”, Madison Square Garden has hosted some of the most memorable and iconic moments in sports and entertainment history. The Garden has proven to be a profitable building generating revenues by consistently selling out its events. The building recently finished a major overhaul that gave a completely new look to the interior of the arena and the lobby. Recently the Garden has been in a battle with New York City over a lease agreement, which could potentially lead to the end of an era at its current location. The building is also in a dispute with the city to maintain its tax exemption status. The rich history of Madison Square Garden combined with recent events involving the building, have made it an interesting piece of real estate to research and discuss.
The First Madison Square Garden, originally known as “The Great Roman Hippodrome”, was located on East 26th street and Madison Avenue in Manhattan. The Vanderbilt family, owners of the arena, changed the name to Madison Square Garden on May 31st 1979. The Garden hosted events such as boxing, dog shows,

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