Progress at Farley, but what about Penn?

From PIX11:

The 106-year-old Farley Post Office Building is across the avenue from the busy transit center. New entrances have opened in the facility that lead to railroads.

A big project has been underway since 2016 and it is scheduled to open in 2020.

The new train hall will feature new platforms and tracks for LIRR and Amtrak and there will be commercial space.

From The Real Deal:

The City Council and James Dolan’s Madison Square Garden Company appear to be headed toward another clash over plans to relocate the iconic sports stadium.

Madison Square Garden is now at the midway point of the 10-year timetable the city laid out in 2013 for the stadium to relocate and make way for a modern Penn Station.

But with five years left on its special operating permit, MSG appears to have taken no significant steps toward what would be a years-long process of acquiring a new site and constructing a new stadium.

“We have not provided any public information” on the matter, MSG spokesperson Kimberly Kerns told The Real Deal.

Stakeholders such as the Regional Plan Association and the Municipal Arts Society that have called for the Garden to move said they have not been informed of any plans to do so. Madison Square Garden has not filed an application with the City Planning Commission to extend its special permit, and sources said the City Council hasn’t been made aware of the stadium’s future plans.

The City Council made it clear five years ago that it expected MSG to be gone by 2023, but a Council spokesperson would not say whether the legislative body expected the Garden to stick to the deadline.

Pols say no to more MSG tax breaks

From DNA Info:

City and state politicians rallied on the steps of City Hall Tuesday morning to drum up support for a measure that would eliminate a decades-old, multimillion-dollar tax break for The Madison Square Garden Company, which owns "The World's Most Famous Arena," as well as the Knicks and Rangers.

The company, led by executive chairman James Dolan, has been given as much as $16 million a year in tax breaks since 1982, according to the city's Independent Budget Office — or nearly $350 million over the past 31 years, politicians who oppose the tax break said.

Assemblymen David Weprin and Brian Kavanagh and State Senator James Sanders have said that the money should instead go toward cash-strapped city services. In April, they introduced bills in both houses of the State Legislature that would erase the tax exemption.

On Tuesday, they announced that the bills have gained more than 40 co-sponsors, as well as support from City Council members across New York, including incoming Councilman Corey Johnson, whose district includes Madison Square Garden.

There is "no possible justification at this point, with needed revenue for New York," Weprin said at Tuesday's press conference, speaking in front of about 20 labor union members. "We've lost police, lost firefighters. There's talk of closing firehouses, senior centers."

Arena owners battle on Long Island

From Crains:

Out on Long Island, it is shaping up as the heavyweight bout of the decade—the Knockout in Nassau County. It's a winner-take-all contest in which the prize, potentially worth hundreds of millions of dollars over the coming decades, is the right to rebuild and run the badly faded Nassau Coliseum.

In one corner stands a team captained by Madison Square Garden Co., a squad led by hometown heroes James Dolan and Scott Rechler, aided by MSG Chief Executive Hank Ratner. The Dolans control the island's biggest cable television network and newspaper, while Rechler is the island's largest office landlord. In the other corner is the Barclays Center team. Call them the Brooklyn Globetrotters, coached by developer Bruce Ratner with a bench that includes Russian oligarch Mikhail Prokhorov and Jay Z.

Round 1 in the contest kicked off in May, with the announcement of four bidders, which was narrowed to just two the following month. Final proposals for the 63-acre property in Uniondale were submitted on Aug. 9. Nassau County Executive Ed Mangano is expected to announce a victor any day.

Both sides are aggressively swinging for the prize, which includes a share of ticket sales to events, dinner bills, bar tabs and receipts from the shops that both bidders plan to erect around the arena. The winner will control the property for 20 to 30 years.

Local officials say they are delighted at how the bout has shaped up—especially after two previous taxpayer-financed attempts to revamp the Coliseum went nowhere. Those setbacks prompted the Islanders hockey team to skate off to the Barclays Center, which will be its home as early as the 2014-2015 season.

"We're thrilled we have two industry giants prepared to reinvent the Coliseum," said Mr. Mangano.

For MSG, the contest is an opportunity to add another gem to the crown of its ever-expanding entertainment-venue business, which includes managing Radio City Music Hall, the Beacon Theater and the LA Forum. For Barclays, coming off a blockbuster inaugural year at its downtown Brooklyn arena, winning the Coliseum contract could mark the first step toward the launch of a business that not only competes with the Garden in New York City but around the world.