According to the Wall Street Journal, City Council speaker Christine Quinn is favoring legislation that would create a new Penn Station and calling for a ten-year limit on Madison Square Garden operating where it currently resides.
Quinn is planning a commission that will look into a new residence for the building.
MSG has applied to have an indefinite renewal of their permit, while the City planning commission struck a compromise that called for a 15-year limit and allow MSG to renew indefinitely if they can come to terms with the LIRR, NJ Transit and Amtrak on adding more stairs, elevators and escalators to Penn Station.
Quinn said that she would eliminate the clause that would allow MSG to renew indefinitely.
There have been hearings about the permit that have included testimony from civic groups, MSG executives and Spike Lee.
In a letter written to MSG President Hank Ratner, Quinn wrote “given the uniqueness of the site, with the arena sitting above the most heavily trafficked transit hub in the City, as well as the nation, a term for the permit is warranted,”
Capital NY says that MSG’s 50 year permit to operate where it currently is expires this year.