Madison Square Garden is getting a $500-million overhaul. After pulling out of a plan to build a new arena as part of a new Penn Station project a few blocks away, Cablevision, the Garden's owners, unveiled a renovation plan yesterday. The work is slated to start next spring and be done during the summers, finishing by the 2011-2012 NBA and NHL seasons. The Liberty will have to relocate, but the Knicks and Rangers will stay put.
Included in the redesign is a glass-enclosed atrium, as well as additional public concourse space and suites. The renovations will be funded by Cablevision and spearheaded by Toronto-based architecture firm Brisbin, Brook and Benyon. (Read more Madison Square Garden stories.)