NYC Budget Office believes MSG tax break should be eliminated

Madison Square Garden’s enormous tax break should be eliminated because James Dolan is unlikely to move his teams from the New York City cash cow, according to a new report from the Independent Budget Office. The tax break, which began prior to Dolan’s reign as MSG warden, has cost New York City roughly $1 billion, according to the government agency, which it called a conservative estimate. Dolan is now saving about $43 million per year on... + full article