Thread: News Article: MSG gets 10 year permit
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07-27-2013, 10:11 PM
  #125
Crease
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Quote:
Originally Posted by Kris Chreider View Post
I don't think the city loses sleep over 300M in unpaid property taxes from MSG. When you look at what the arena brings in terms of sales and payroll taxes, how many people it brings to Manhattan, how much revenue it generates for surrounding businesses, what it does for the local neighborhood, it's probably better for everyone that MSG stays.
I doubt the City Council wants MSG V to be outside of NYC. Where I think this is all going is that in 10 years when MSG Inc applies for a permit extension, the City Council will go, "Sure, but only if you allow us to discontinue the tax break".

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