The administration of New York Gov. Eliot Spitzer recently unveiled plans for a rebuilt Penn Station that included razing and rebuilding Madison Square Garden.
The Moynihan Station plan – a version of which was rejected by former Gov. George Pataki’s administration – includes moving MSG one block west of its current location.
The new version would be built by 2011, and the current venue would be demolished and converted into either two skyscrapers rivaling the height of the Empire State Building or a dense office complex, according to Newsday.
The Moynihan project – named after former Sen. Daniel Patrick Moynihan – has been in "project" status for about 15 years.