The mecca of basketball and home of the New York Knicks and New York Rangers has just 10 left in its current location after receiving an eviction notice of sorts on Wednesday, as the New York Times reported.
The New York City Council notified Madison Square Garden that it has just 10 years left before they need to vacate its 45-year-old premises and find a new home, become the fifth change in location since it opened in 1879.
The decision was made by a vote of 47 to 1.
"This is the first step in finding a new home for Madison Square Garden and building a new Penn Station that is as great as New York and suitable for the 21st century," said Christine C. Quinn, the City Council speaker. "This is an opportunity to reimagine and redevelop Penn Station as a world-class transportation destination."
James L. Dolan, who controls the Garden, and owns the Knicks and Rangers, offered a quiet response to the news and barely acknowledged the 10-year deadline.
"Madison Square Garden has operated at its current site for generations, and has been proud to bring New Yorkers some of the greatest and most iconic moments in sports and entertainment," Mr. Dolan's company said in a statement issued Wednesday afternoon. "We now look forward to the reopening of the arena in the fall of 2013."