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06-27-2013, 04:09 PM
  #812
dstoffa
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Join Date: Jan 2013
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Quote:
Originally Posted by GordonGecko View Post
Of course you can. You need a permit to operate a venue of over 2,500 in NYC. The requirement is established from municipal authority granted by state & federal law. Good luck with getting a court to overturn the law
That permit was one of the last obstacles preventing MSG Corporation from building Garden IV in 1963. It is safe to say that the Garden would never have been built if that permit could not have been secured. The Garden's inherent value is tied to that permit.

The permit denial is the beginning of an attempt to expand Penn Station, presumably for a public purpose... A lawyer could argue that non-renewal violates the takings clause of the Constitution. (Seizure of property w/o just compensation). Let us operate, or pay us fair market value for the property, and you can do with it what you please.

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