![]() The second iteration of Madison Square Garden would be demolished just a year later. The Second Madison Square Garden was also the site of the 1924 presidential convention, which was the first time a woman was nominated to be Vice-President of the United States. ![]() Thaw, a jealous rival in a love triangle gone wrong. Also notable was a rooftop garden, all the rage for entertainment in the Gilded Age, which became the site of Stanford White‘s murder at the hands of Harry K. The most distinctive feature of the second Madison Square Garden was its tower, modeled on the Giralda in Spain, on top of which stood a statue of Diana by August Saint-Gaudens. It cost over $3 million or nearly $88 million in 2020 dollars. By 1890, a new Madison Square Garden opened with a Beaux-Arts Moorish design by the young celebrated society architect Stanford White. Vanderbilt, citing lack of profitability of the venue, sold the land to a consortium of esteemed buyers including J.P. The first Madison Square Garden was demolished in 1889. Madison Square Garden has not paid taxes since 1982 when Mayor Ed Koch granted the abatement, which is estimated to be equivalent to over $1 billion in tax breaks by 2030, according to Gothamist. There have also been calls to relook at the venue’s tax breaks. That does not mean the winds will change in the next few years, and if Madison Square Garden does indeed relocate, it would not be the first time it’s happened. The permit expires in 2023, but New York Governor Andrew Cuomo recently suggested he was not in support of a move, given the recent billion-dollar renovation of the venue. The biggest news regarding Madison Square Garden came in 2013 when the entertainment venue was given a 10-year lease limit (the venue had hoped for a permit in perpetuity). Madison Square Garden (18901926) was an indoor arena in New York City, the second by that name, and the second and last to be located at 26th Street and Madison Avenue in Manhattan. Repeated calls over the years to relocate the current Madison Square Garden have been rooted in a desire to reimagine Penn Station, but all the recent improvements to the transit hub, including the opening of Moynihan Train Hall, gingerly sidestep the behemoth in the midst. Ever wonder why Madison Square Garden is located atop Penn Station and not at Madison Square? The story is very New York and is not quite finished yet.
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