Bloomberg rules out eminent domain for MSG

“Mayor Michael Bloomberg is leaning toward moving Madison Square Garden from its Midtown perch but by using the permitting process — not eminent domain, Crain’s reported.

Bloomberg laid out his position yesterday, just before the Department of City Planning proposed a 15-year permit for the venue to stay in its space on top of Penn Station, at roughly 33rd Street and Eighth Avenue.”

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Maurer, Mike. The Real Deal 8 May 2013.