Skip to content

New York City Mayor calls for end to Madison Square Garden tax break

Jan 27, 2014, 11:46 PM EDT

Madison Square Garden Getty Images

If New York City Mayor Bill de Blasio had his way, Madison Square Garden would no longer receive its $16 million annual property tax break, according to the New York Daily News.

“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 argued during a legislative budget hearing.

The Madison Square Garden Company owns MSG, along with the New York Rangers, NBA New York Knicks, and other properties.

As a condition of the tax break, the Rangers can’t play a home game outside of their arena, which is why they were listed as the visiting team when they faced the New Jersey Devils at Yankee Stadium on Sunday. When the Stadium Series continues on Wednesday, the Rangers will again be the visitors against the Islanders.

de Blasio’s position is opposed by both Governor Andrew Cuomo and Republic State Senate Leader Dean Skelos.

Latest Posts
  1. Tyutin out, Foligno to make series debut for Jackets vs. Pens

    Apr 21, 2014, 11:03 AM EDT

    Nick Foligno Getty Images

    First playoff game at Nationwide in five years tonight.

  2. Get your game notes: Penguins at Jackets

    Apr 21, 2014, 11:02 AM EDT

    Matt Calvert AP

    Columbus comes home after a game of franchise firsts in Pittsburgh.

  3. Ducks recall Etem, Fistric from AHL

    Apr 21, 2014, 10:43 AM EDT

    SUNRISE, FL - NOVEMBER 12: Emerson Etem #65 of the Anaheim Ducks skates prior to the game against the Florida Panthers at the BB&T Center on November 12, 2013 in Sunrise, Florida. Getty Images

    John Gibson and Sami Vatanen on their way down.

  4. Blue Jackets coach likes team’s confidence in postseason

    Apr 21, 2014, 9:44 AM EDT

    Todd Richards, Matt Calvert, Cam Atkinson AP

    They’re a young team that isn’t intimidated.

  5. PHT Morning Skate: Blues, Avs, Ducks look to go up 3-0

    Apr 21, 2014, 8:15 AM EDT

    Matt Calvert AP

    Columbus and Dallas host playoff games for first time in years.

  6. Video: Kings’ Richards spears Sharks’ Couture

    Apr 21, 2014, 2:19 AM EDT

    Screen Shot 2014-04-20 at 11.06.58 PM

    This has happened a few times in these playoffs.

  7. Video: Bad blood continues to brew between Sharks and Kings

    Apr 21, 2014, 1:28 AM EDT

    Los Angeles Kings v San Jose Sharks - Game Two Getty Images

    This one could’ve gotten uglier than it did.

  8. Avalanche’s Duchene (knee) expected to skate Monday

    Apr 21, 2014, 12:20 AM EDT

    Matt Duchene Getty Images

    Patrick Roy: “We’re going to be very smart about when he’s going to come back.”

  9. Video: Mike Brown hit sends Kings’ Toffoli into Quick

    Apr 20, 2014, 10:52 PM EDT

    Jonathan Quick AP

    Just another game between these two California rivals.

  10. Shocking: Lightning coach isn’t happy about disallowed goal

    Apr 20, 2014, 10:34 PM EDT

    Jon Cooper, Tyler Johnson, Ryan Malone AP

    Jon Cooper straddles the line between snarky and careful.

  11. WATCH LIVE: Los Angeles Kings at San Jose Sharks (Game 2)

    Apr 20, 2014, 9:05 PM EDT

    Los Angeles Kings v San Jose Sharks - Game One Getty Images

    Kings hope to avoid two straight years of 0-2 first-round deficits.

  12. Bad luck strikes twice: Lightning goal waved off, Stamkos takes knee to head

    Apr 20, 2014, 8:59 PM EDT

    Tampa Bay Lightning v Pittsburgh Penguins Getty Images

    Tampa Bay’s captain managed to return later in the game.

  13. Trotz says goodbye to Nashville with full-page ad in newspaper

    Apr 20, 2014, 8:27 PM EDT

    Barry Trotz Getty Images

    Classy gesture after 16 seasons with the Predators.

Featured video

Detroit must exploit Boston's young D
Top 10 NHL Player Searches
  1. T. Oshie (3932)
  2. M. Duchene (3386)
  3. B. Bishop (2751)
  4. D. Backes (2739)
  5. E. Malkin (2466)
  1. O. Palat (2434)
  2. R. Getzlaf (2385)
  3. S. Mason (2318)
  4. H. Zetterberg (2204)
  5. F. Andersen (1987)