From the Daily News:
A city council member says it's time for Madison Square Garden's massive tax break to go the way of the New York Americans hockey team.
The historic arena's longstanding, multimillion-dollar property tax exemption is "questionable at any time - and unjustifiable in these difficult economic times," Councilman Eric Gioia (D-Queens) told the Daily News Saturday.
Sunday, the estimated $14 million a year the Garden would pay in taxes could be used to hire cops and teachers and provide public services, Gioia said.
I suppose the same could be said for the tax exemptions being given to developers along the part of the waterfront he represents. I'm sure he'll also be vehemently against the big huge breaks and discounted land to be offered to TDC at Willets Point, too. Or is his outrage only directed toward owners of Manhattan properties with high name recognition in an election year?