Monday, September 15, 2008

Sports Arena Financing Done Right: The Garden Checks into Rehab

The NY Knicks Beat has a report about the plans to renovate the world's most famous arena. The best part.
The renovation is projected to cost $500 million and will be paid for in its entirety by Madison Square Garden, and will be targeted for opening for the 2011-12 seasons.
Put up the coin, take down the profits.

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