Madison Square Garden, one of the world's iconic sports and entertainment arenas, has been given a decade to relocate after a vote by the New York City Council on Wednesday amid efforts to renovate the equally well-known Penn Station that sits below it.
The council voted to approve a "special permit" that will allow the arena to operate for 10 years while its management seeks to relocate, according to a news release.
The 47-1 vote comes after years of advocacy from city officials and independent groups who have sought to renovate and expand the bustling Pennsylvania Station. Madison Square Garden's 50-year land-use permit expired in January.
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The Garden, home to the New York Knicks and Rangers, first opened its doors in 1879 but has since moved to several locations throughout the city, according to its website.
It has stood at its current Midtown Manhattan location since 1968 and hosted the famous "Fight of the Century" between Muhammad Ali and Joe Frazier in 1971.