JLL To Manage $500M MSG Renovation Project

[IMGCAP(1)]NEW YORK CITY-Madison Square Garden has secured Jones Lang LaSalle, as the overall project manager for the arena’s renovation project, slated to begin construction in spring 2009. As project manager, JLL will work with the Garden to oversee all aspects of the renovation, from managing related personnel to establishing and managing the project’s timeline, to creation of the overall budget and financial controls, to coordinating the activities of several dozen consultants and construction partners over the renovation period.

[IMGCAP(2)]The Madison Square Garden renovation is a $500 million construction project that will utilize existing space on the Garden’s current footprint. The renovation, which is being paid for in its entirety by MSG, is scheduled to be completed in time for the 2011-2012 seasons. The Garden will continue to be operational during the renovation period. Brisbin Brook Beynon is the project’s architect.

[IMGCAP(3)]MSG has gone back and forth with the feasibility of a renovation project for some time now, Richard Jantz, SVP leading JLL’s team, tells GlobeSt.com. In 2004, GlobeSt.com reported that the $300 million plan, at the time, would include changes all over the arena to the concourses, suites, locker rooms and staging areas, and although Jantz says that some of the amenity changes are the same, it is a different project. He explains that JLL was hired over three years ago and the firm has been a consistent advisor to the Garden, “but we are now project managing a project that’s actually going to happen,” he says.