Tight deadlines have a way of concentrating the mind and forcing you to make tough decisions.

When they tore down Pennsylvania Station in Manhattan—a demolition that began 60 years ago next month—Madison Square Garden was given a 50-year special permit to operate the world's most famous arena on top of the train tracks, which became an underground rat warren for commuters going through NYC's busiest transit hub.

This week, NYC sent a different type of message to MSG, and it wasn't a long-term welcome mat: get on board with the redevelopment of Penn Station or get out of the way.

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