Located on 8th Avenue between West 31st and 33rd Streets, Madison Square Garden (MSG) was built in 1968 on the site of the old Pennsylvania Station. MSG is the busiest sports and entertainment arena in the United States and features various sporting, cultural, and entertainment events. Home to the New York Knicks, Liberty, and Rangers, it is now the second oldest arena in the National Basketball Association and National Hockey League. The company that owns MSG, has been interested in improving the existing arena or building a new one for years..
The $500 million renovation planned for MSG is expected to be complete by the 2011-2012 Knicks and Rangers season, with no disruption for either team along the way. Renovation plans include doubling the size of MSG’s 7th Avenue entrance and concourses, though the building’s footprint and seating capacity will stay the same (around 20,000 fans, depending on the event). Improvements include better seats, improved sight lines, expanded restroom facilities, new concessions, revamped locker rooms, and a new Upper Party Deck near the ceiling. Whereas the current interior of MSG locates all 89 luxury suites at the top of the arena, the renovated MSG will include three layers of 125 box suites, with 20 located at the playing surface level. Almost all of the renovations will occur on the interior, though some exterior work will be done to allow views of the city from the concourses. This means precast will have to be installed through the top of the MSG.