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SBD/June 5, 2013/Facilities
MSG's Nassau Coliseum Bid Adds Long Island-Based RXR Realty
Published June 5, 2013
GARDEN PARTY: MSG President & CEO Hank Ratner appeared on CNBC's "Closing Bell With Maria Bartiromo" on Monday, and said renovations to MSG are "almost done." Ratner called MSG's renovations the "biggest transformation ever to occur in any arena." CNBC's Scott Wapner noted the renovations have cost about $1B and "there are some in the city who want you to get out within 15 years." Wapner asked, "How's this going to resolve itself? Is Madison Square Garden going to be forced to leave and find a new location in 15 years?" Ratner said, "We don't see that happening at all. Remember, we own Madison Square Garden. It's not a lease. This is a zoning permit that we're talking about and we expect this to be resolved this summer and we expect the Garden will be the leading venue in the world for a long time to come" ("Closing Bell With Maria Bartiromo," CNBC, 6/3).