#industrial space for sale st louis

[svninfinity]

SVN infinity is the leading Commercial Real Estate Firm St. Louis. SVN infinity St. Louis mo, we share the best property listings on our website with complete detail of location and price. Visit our website now.   

[ryanburkeen]

Transforming Homes with Kitchen Remodeling

Home renovation, particularly kitchen remodeling, holds immense power to rejuvenate a house's overall ambiance and increase its real estate value. Unearthing a notable kitchen remodeling near me can thus become the foundation of your home transformation journey. This article delves into understanding the captivating world of kitchen remodeling and why it might just be what your home needs.

Modernizing the Heart of Your Home

Undoubtedly, kitchens hold places of honor in our homes as bustling hubs of activity. From a simple meal prep to hosting parties, your kitchen is more than just another room—it is where life happens. Thus, modernizing these spaces to match contemporary standards through an appropriate 'kitchen remodeling near me' can enhance functionality while adding elegance.

Kitchen Remodeling – An Investment Worth Making

Kitchen remodeling is an investment that pays off in various ways. A well-planned remodel increases not only your home’s aesthetic appeal but also its resale value. How? Today’s savvy buyers prioritize modern kitchens when house hunting. Consequently, houses with remodeled kitchens often have lesser days-on-market and gain desirable sale prices.

Customization – Reflect Your Style and Needs

Every homeowner has personalized needs for space suitability and unique design preferences reflecting their style. A professional kitchen remodeler considers these factors while designing your remodeled kitchen with tailored layouts, superior aesthetics, efficient storage solutions, and robust functionality that reflect you while fulfilling your needs.

Sustainability– Incorporate Green Features 

Amplifying sustainability in homes is no longer just about being ecologically conscious; it's now a lifestyle requirement for many homeowners—a feature a competent kitchen remodeling near me should offer. During remodels, options like better-insulated windows or energy-efficient appliances can be added that reduce energy consumption which offsets initial expenses in the long term by considerable energy savings.

Enhanced Safety and Functionality 

If your current kitchen design necessitates unnecessary movements, it might be time for a remodel with enhanced functionality. Apart from smarter designs like rotating shelves or hidden storage options that maximize space utility, remodeling allows adopting the latest advances in safety features which reduce hazards significantly.

The Right Kitchen Remodeler– A Crucial Factor 

In remodeling projects, finding the right kitchen remodeling near me is crucial as it determines the project's success greatly—the right professional ensures top-quality materials and superior craftsmanship while adhering to timelines and respective budgets. 

Finding an expert local to your area will allow them to better understand your geography-specific needs and create a kitchen that truly serves you. Moreover, they would be more accessible during the project period for regular updates or potential adjustments.

Thus, kitchen remodeling represents transformations far beyond exterior aesthetics—it optimizes homes, reflects homeowner personalities, incorporates modern sustainability aspects, enhances safety levels—making it an excellent home improvement investment. In this journey, finding a competent kitchen remodeler near me becomes critical as their expertise turns envisioned concepts into reality while maintaining industry standards for quality execution and post-remodel customer service.

Xtreme Remodeling and Contracting LLC Address: 13 Pyrenees Dr, Lake, St Louis, MO, 63367 Phone: 314-798-9661

[authorityappraisals]

Exploring the Various Approaches Used in Residential Appraisal in St. Louis

St. Louis, the iconic Gateway to the West, is a city with a rich history and diverse housing market. Whether you're a homeowner, a prospective buyer, or a real estate enthusiast, understanding the residential appraisal service in St. Louis is vital. Appraisal methods are crucial in determining the value of a property and play a significant role in the real estate market. In this blog, we will delve into the various approaches used in residential appraisal in St. Louis.

The Sales Comparison Approach

The Sales Comparison Approach is one of the most commonly used methods in residential appraisal. Appraisers compare the subject property to recently sold, similar properties in the same or competing neighborhoods. We take into account various factors such as size, age, condition, and location to arrive at a opinion of market value for the property. In St. Louis, where neighborhoods can vary greatly, this approach is particularly useful in capturing local market trends.

The Cost Approach

The Cost Approach involves estimating the cost of rebuilding the property from scratch, including the cost of purchasing the land and construction of any improvements. Appraisers then subtract the accrued depreciation from the home, considering factors like physical wear and tear or functional obsolescence. This approach is commonly used for new or unique properties that lack comparable sales data.

The Income Approach

The Income Approach is mainly used for appraising income-generating properties, such as rental apartments or commercial properties such as office buildings, warehouses, retail spaces, et…   Appraisers analyze the potential income the property can generate and then deduct operating expenses to determine the property's value. In St. Louis, this method is particularly relevant for properties in bustling rental and commercial markets.

The Reconciliation of Values

Appraisers may use two or all three of these methods to arrive at an opinion of the property's value. Reconciling all applicable approaches to value helps in providing a comprehensive view of the property's worth, especially in a diverse real estate landscape like St. Louis.

Challenges in St. Louis Residential Appraisal

St. Louis is known for its architectural diversity, from historic homes in Lafayette Square to modern developments in the Central West End. Appraisers in St. Louis may face challenges when assessing properties with unique characteristics. Historical preservation and neighborhood revitalization efforts can also significantly impact property values.

Conclusion

In St. Louis, as in any other city, both the residential and commercial appraisal process is a crucial component of the real estate industry. Buyers, sellers, and property owners depend on accurate and fair valuations. Understanding the various approaches used in residential appraisal, including the Sales Comparison, Cost, and Income Approaches, is essential in navigating the local housing market.

St. Louis, with its diverse neighborhoods and architectural styles, presents unique challenges to appraisers. However, these challenges also make it a fascinating and dynamic city to explore from a real estate perspective. Whether you're buying or selling property in St. Louis, having a solid understanding of these appraisal methods can empower you to make informed decisions and ensure that you are getting the most accurate valuation possible. So, whether you're in Lafayette Square or the Central West End, remember, residential appraisal is your gateway to making the right real estate moves.

[tradedmiami]

SALE IMAGE: Dan Dokovic DATE: 08/14/2023 ADDRESS: 60 Copeland Street MARKET: Jacksonville ASSET TYPE: Industrial BUYER: Bamboo Equity Partners - Dan Dokovic SALE PRICE: $1,600,000 SF: 49,867 ~ PPSF: $32 NOTE: St. Louis firm Bamboo Equity Partners purchased a Jacksonville warehouse, 60 Copeland St., for $1.6 million, planning to renovate the 49,867-square-foot space into a flexible industry building, in line with its growing Jacksonville portfolio that includes a business park and another warehouse. #Miami #RealEstate #tradedmia #MIA #Jacksonville #Industrial #BambooEquityPartners #DanDokovic

[commercial-brokerage]

Unlocking Lucrative Opportunities: Office Space for Rent in St. Louis and Commercial Sale-Leaseback Investment Properties

In today's fast-paced business world, finding the perfect office space for your growing enterprise can be a daunting task. However, the vibrant city of St. Louis offers a range of exceptional opportunities for businesses seeking office space for rent. Additionally, the commercial real estate market has witnessed the emergence of a lucrative investment strategy known as commercial sale-leaseback. In this blog post, we will explore the advantages of office space for rent in St. Louis and delve into the potential benefits of commercial sale leaseback investment properties.

Office Space for Rent in St. Louis:

St. Louis, known for its rich history, iconic landmarks, and thriving business environment, has become a hotspot for companies seeking prime office spaces. Whether you are a startup, a small business, or an established corporation, St. Louis offers a diverse range of office spaces to meet your unique needs. From modern high-rise buildings in downtown to renovated warehouses in trendy neighborhoods, there is a perfect office space waiting for you in St. Louis.

Why choose St. Louis for office space rental?

Strategic Location: St. Louis boasts a central location within the United States, making it easily accessible to clients and partners across the country.

Thriving Business Community: St. Louis is home to a dynamic business community with a diverse range of industries, fostering collaboration and growth opportunities.

Affordable Rental Rates: Compared to other major cities, office space for rent in St. Louis offers competitive pricing, allowing businesses to allocate their budgets effectively.

Cultural Attractions and Amenities: St. Louis offers an exceptional quality of life with a vibrant arts scene, world-class dining options, and an array of recreational activities.

Commercial Sale-Leaseback Investment Properties:

Commercial sale-leaseback is an investment strategy that has gained popularity among savvy investors. It involves a business owner selling their property to an investor and then leasing it back for a predetermined period. This arrangement provides numerous advantages for both parties involved.

Benefits of commercial sale-leaseback investment properties:

Unlock Capital: By selling the property and leasing it back, businesses can free up capital that was previously tied up in real estate. This capital infusion can be utilized for expansion, operational expenses, or other strategic initiatives.

Long-Term Stability: For investors, commercial sale-leaseback properties offer a stable income stream with a reliable tenant. Lease terms are typically long, ensuring consistent cash flow over an extended period.

Tax Advantages: This investment strategy can provide tax benefits for both the business owner and the investor, such as depreciation deductions and potential capital gains tax deferral.

Conclusion:

St. Louis provides a wealth of opportunities for businesses seeking office space for rent, with its strategic location, thriving business community, and competitive rental rates. Additionally, the commercial sale-leaseback investment strategy offers a compelling option for investors and business owners alike, unlocking capital and providing long-term stability. Whether you are searching for the ideal office space or considering investment opportunities, exploring St. Louis and commercial sale-leaseback properties can lead you to lucrative prospects in today's ever-evolving business landscape.

[anantradingpvtltd]

Price: [price_with_discount] (as of [price_update_date] - Details) [ad_1] A budget-friendly, good looking single sensor kitchen scale from Greater Goods. A highly accurate scale for precise baking, cooking, and portioning. In adapting the classic kitchen scale into a single sensor model, Greater Goods took all the qualities that people love and applied them to the ultra-accurate single sensor form. No need to sacrifice aesthetics or slim design when it comes to more accurate kitchen scales, the Greater Goods single sensor checks all the boxes. The Freshest Features: The qualities you need and expect in a precision baking scale: readings down to the gram, an eleven pound capacity, extra-large LCD display, easy-to-clean surface, four different units of measure, and super accurate single sensor. Simple And Stylish: Never let a kitchen accessory cramp your style again. The simplistic, modern design of this baking scale fits right in with the decor of even the trendiest space. We’ve combined the best of both worlds: just about as slim and easy to store as our best-selling kitchen scale and more accurate. True Support: Our friendly team in St. Louis are industry experts at-the-ready to assist you with any questions that might arise about your precision baking scale. We take pride in our work and want you to have a great experience from beginning to end. Beyond A Purchase: Yes, we design and produce high functioning, slick looking food scales, but we value the positive impact of a purchase, on a global level, as much as anything. That’s why we only partner with ethical factories and ensure a portion of every sale is given back to a charity that aligns with the nature of what you’ll be using. [ad_2]

[alarmjust]

Us airmail 10 cent stamp

The stamp depicts the pain of a dying horse with its desperate owners on their way westward. In contrast to the triumphant images which adorn previous denominations of the Trans-Mississippi Exposition Issue, the 10-cent stamp portrays the hardships of the expansion and emigration westward. This stamp was good for payment of airmail postage on an item of one ounce or less across two zones of the Transcontinental Air Mail Route (westbound, New York-Cheyenne, Chicago-San Francisco eastbound, San Francisco-Chicago, Cheyenne-New York) or a double-weight letter over one zone. The Post Office Department issued 5,309,275 of the 16-cent stamps. The plate numbers appear eight times on each four hundred subject sheet adjacent to the fifth stamp from each outside corner, so that each pane of one hundred stamps has two plate number blocks of six. The Bureau of Engraving and Printing used four plate numbers (14828-14831) for this design. Huston designed the stamp, which was engraved by H. The meaningful design and rich color of this stamp make it one of the most popular single-color airmail stamps ever produced. The stamp's central design is the official insignia of the Air Mail Service-a circular center with spread wings. The Post Office Department first issued the stamp in Washington, D.C., on August 17, 1923. Originally scheduled to be issued in black, when the design was approved on August 6, 1923, it was decided to print it in deep blue. This 16-cent issue was the first United States stamp designated for airmail purposes that had the words 'Air Mail' in its design. A couple of months later, on July 31, the airmail rate changed, creating a very short time of usage for the booklets. Because of demand for airmail stamps in booklet form, the post office issued booklets with six Lindbergh stamps in panes of three on May 26, 1928. Louis, Missouri Detroit, Michigan Little Falls, Minnesota and the District of Columbia. The Lindbergh stamp replaced the previous 10-cent airmail stamp, and the first sale took place in St. On June 6 a proof was made, on June 8 the die was hardened, and on June 9 rolls and plates were made so that the next day the issue went to press. The model was approved on June 3 and engraving began the same day. Hall, director of the Bureau, believed that the engraving of this stamp and the making of the printing plates were accomplished in a shorter period of time than any similar printing job by the Bureau. The postmaster general presented the booklets on the evening of June 11 at a reception for Lindbergh at the Washington Auditorium by the National Press Club.Ī. The Bureau of Engraving and Printing prepared two leather-bound booklets: one with the first impression and one with the second impression. The postmaster general requested first impressions of the stamp for presentation to Lindbergh and his mother. The stamp was issued less than a month later, on June 18. The 10-cent design in dark blue shows the start and finish points of the solo, non-stop flight and the 3,600-mile route, which Lindbergh flew in thirty-three and a half hours on May 20-21, 1927. The plane was later suspended in the main entrance hall of the Smithsonian Institution’s Arts and Industries Building (later moved to the Smithsonian Institution’s National Air and Space Museum). Because the law prohibited the use of the portrait of a living person, the central design represented Lindbergh’s airplane, The Spirit of St. Lindbergh flew solo across the Atlantic Ocean from New York to Paris, the post office decided to break tradition and issue a stamp that honored a living American. 10-cent Charles Lindbergh's Plane Spirit of St.

[stephaniemarlowftw]

Boris Announce New Full-Length Heavy Rocks (2022) + Fall U.S. Tour

Their new LP will be out on August 12th via Relapse Records. // See Boris on tour in August + September with NOTHING.

Watch (+ share) a music video for the new single “She Is Burning” now.

Photo Credit: Yoshihiro Mori

The legendary Boris celebrate a 30 year career as one of experimental music's most forward-thinking, heavy, and innovative bands with the new album Heavy Rocks (2022). Continuing their series of Heavy Rocks records, Boris once again channels the classic proto-metal sounds of the 70’s into something all new.

Boris comment on the new album:

"The world has changed over the last two years. Everyone's thinking is simpler and pragmatic. Now, it is easier for everyone to grasp what is important to each of us.

We leave it to the future and pass it on. The soul of rock music is constantly evolving. A soul that transcends words and meaning to reach you - instinct, intuition, and fangs.

This is the heavy rock of Boris now.

As we land on our 30th anniversary, Boris continues to evolve, accelerating the latest and universal.

Boris does not lead anyone anywhere.

We just keep showing this attitude.”

Heavy Rocks (2022), 10 pulse-pounding tracks, highlight the very trajectory of Boris and their storied career - from the driving, fuzzed out Rock N' Roll opener "She is Burning," to the punk, raucous "My Name is Blank," Boris are heavier than ever before. "Question 1" is just kickass— D-beats give way to a doomed, spaced out and heavier-than-anything guitar wailing and feedback before diving back into their metal sound, sending the listener into a complete frenzy. This is unmistakably Boris, and this is the band at the height of their powers.

Boris have shared a music video for Heavy Rocks (2022) first single, "She is Burning."

Elsewhere on the record, a more daring, "out there" side of Boris begins to shine on tracks such as the aptly titled "Blah Blah Blah," the industrial "Ghostly Imagination" and the truly wild "Nosferatou." Noisy passages (not unlike prior collaborations with legendary artists like Merzbow,) collide with visceral vocal howls while a relentless, almost Zornian-saxophone shreds harder than any guitar solo ever could.

In 2022, Boris cement what Heavy Rock means to them and release one of their most captivating records to date.

Additionally, Boris have announce Summer U.S. tour dates with Philadelphia’s Nothing. The tour kicks off after Boris and Nothings performances at Psycho Las Vegas and runs through late August and September. The tour also includes a festival performance at Post Festival in Indianapolis, tickets are on sale this Friday, May 20th and a full tour schedule can be found below.

Heavy Rocks (2022) is out August 12 on LP/CD/CS/Digital. Physical pre-orders are available via Relapse.com HERE and Digital Downloads/Streaming HERE.

BORIS TOUR DATES:

Aug 19 Phoenix, AZ @ Crescent Ballroom (w/ The Body) *

Aug 19-21 Las Vegas, NV Psycho Las Vegas @ Resort World Las Vegas

US Tour w/ Nothing Aug 22 - Sept 18

Aug 22 Albuquerque, NM @ Sister

Aug 24 Dallas, TX @ Studio at the Factory

Aug 25 Austin, TX @ Empire Garage

Aug 26 Houston, TX @ White Oak Music Hall

Aug 27 Baton Rouge, LA @ Chelsea’s Live *

Aug 29 Atlanta, GA @ Terminal West

Aug 30 Carrboro, NC @ Cat’s Cradle

Aug 31 Washington DC @ 9:30 Club

Sep 1 Philadelphia, PA @ Union Transfer

Sep 2 New York, NY @ Webster Hall

Sep 3 Boston, MA @ Paradise Rock Club

Sep 6 Pittsburgh, PA @ Mr. Small’s Theatre

Sep 7 Detroit, MI @ Magic Stick

Sep 8 Cleveland, OH @ Beachland Ballroom

Sep 9 Indianapolis, IN @ Post. Festival @ The Vogue

Sep 10 St. Louis, MI @ Delmar Hall

Sep 11 Chicago, IL @ Metro

Sep 12 Minneapolis, MN @ Fine Line

Sep 14 Denver, CO @ Bluebird Theater

Sep 15 Salt Lake City, UT @ Metro Music Hall

Sep 17 Portland, OR @ Revolution Hall

Sep 18 Seattle, WA @ The Crocodile

Sep 24 Mexico City, MX @ House of Vans

* No Nothing

Heavy Rocks (2022) track listing:

She is Burning

Cramper

My name is blank

Blah Blah Blah

Question 1

Nosferatou

Ruins

Ghostly imagination

Chained

(not) Last song

BORIS IS:

Takeshi - Guitar/Bass/Vocals

Wata - Guitar/Vocals

Atsuo - Vocals/Drums

[skyfire85]

-An F-4S painted in the Heater-Ferris scheme in 1983. | Photo: Keith C. Svendsen

FLIGHTLINE: 138 - HEATER-FERRIS CAMOUFLAGE

Tested by the US Navy and Air Force during the 70s and 80s, the Ferris and Heater-Ferris schemes sought to optimize the effectiveness of visual camo.

Carlisle Ferris, who goes by his middle name Keith, was born on 14 May 1929 in Honolulu while his father was stationed at Luke Field, Pearl Harbor. His father was then transferred to Kelly Field, Texas as a flight instructor before being moved again to March Field, California. There he was treated to a flight in a Douglas B-18 Bolo, which ignited a life-long fascination with aviation.

After WWII, Ferris enrolled in Texas A&M's aeronautical engineering program with the aim of getting commissioned in the USAF. When he found out that he was medically unable to become a pilot, he transferred to George Washington University to study anatomy and figure drawing. In 1951 he moved to St. Louis and worked as a contactor producing artwork for USAF training manuals. When the USAF closed the operation in 1956, Ferris moved to NYC to become a freelance artist for the aerospace industry, as well as participating with the Air Force Art Program. This program allowed him to fly on numerous USAF aircraft from the late 50s through to the 1990s, and in locations from Thailand to the Balkans. Ferris was one of the the program's most prolific artists, producing 62 paintings, along with two giant murals for the Smithsonian Institution's Air and Space Museum: "Fortresses Under Fire", which depicts the B-17 'Thunderbird' during its 70th mission, and "The Evolution of Jet Aviation", which is exactly what you'd think it is.

-In this 2005 photo, Keith Ferris stands before his mural “Fortresses Under Fire” at the National Air and Space Museum in Washington, D.C. | MarkBennett13

APPLIED THEORIES

Seeking to combine his knowledge of aircraft and his artistic talent, Ferris went on to develop and patent several camouflage ideas, including painting a false canopy on the bottom of an aircraft to confuse opponents, and another involving asymmetrical, splintered patterns of gray. Another change was reducing the size of aircraft marking, as well as making them gray, black or white.

-A Republic A-10 Thunderbolt II with a false canopy on the underside. | Photo: USAF

The Ferris scheme was applied to several early F-14s and F-15s for testing, with mixed results.

-A painting guide for a model F-14, showing the splintered pattern of Gunship Gray, Dark Gull Gray and Gull Gray. | Illustration: Don Color

-An F-14 painted in a Ferris scheme. | Photo: US Navy

-Two Farris painted F-14s deployed on a carrier. | Photo: US Navy

-Painting guide for a USAF F-15 in a different scheme of Dark Gull Gray, Gull Gray and Camouflage Gray. | Illustration: Don Color

-An F-15 painted in the above scheme. | Photo: USAF

Later, Lt Commander Chuck "Heater" Heatley of the Naval Fighter Weapons School ("Top Gun") made some changes to the basic Ferris scheme, simplifying the pattern and running the various shades of grey across the entire aircraft. Two F-4S squadrons adopted the Heater-Ferris scheme, VF-301 ("Devil's Disciples") and VF-302 ("Stallions").

-One of the VF-301 F-4s in the Heater-Ferris scheme. | Photo: Keith C Svendsen

Experiments with the Ferris and Heater-Ferris schemes proved that they did work at reducing the range at which an aircraft could be seen, as well as disguising the direction of travel, but the usefulness of visual camo was being deemphasized in an age of radar guided BVR missiles, though the F-15 and F-16 have worn other schemes influenced by Ferris.

-A USAF F-16 showing multi-shade pattern camouflage, influenced by Ferris. | Photo: USAF

Now retired, Ferris and his wife operate a small online business, offering his original art and prints of his work for sale.

[reniovsarui]

The Landmark Condo

The Landmark Condo

Other $12 million presents came from Las Vegas heiress JoAnn Seigal and Beverly Hills administration advisor Charles Fink. Seigal also complained that Summa would not present her with a property appraisal to base her negotiations. In July 1968, there have been five firms thinking about purchasing the Landmark, which was expected to promote for $16 million to $17 million. One of the firms, Olla Corporation, withdrew consideration of a purchase order later that month, while an announcement of the resort's sale was anticipated within several days. Multiple companies made purchase provides that have been in the end rejected, including Rosco Industries Inc., based mostly in Los Angeles. On October 12, 1968, Caroll denied a report that the Landmark would be leased to Royal Inns of America, Inc. and operated without a casino. [newline]At the time, negotiations have been underway with three corporations thinking about purchasing the resort. In November 1966, Caroll deliberate to install two slot machines inside the Landmark Coffee Shop, which sold food to development employees from inside a temporary structure that was to turn out to be the location of a permanent constructing eventually.

Excluding its rooftop sign, the tower stood 297 ft , seven ft taller than the Mint hotel in downtown Las Vegas. On August 6, 1990, the chapter hearing failed to attract a purchaser for the Landmark.

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Decatur, IL, and Lincoln clients can just use our hours and instructions page to find our Cadillac dealership to go to us today. We assure you that we're going to go that additional mile to just ensure you leave our showroom completely glad. Our dedication to excellence has made Landmark Cadillac a preferredservicecenter in the SPRINGFIELD area. The devoted group is targeted on sustaining optimum performance of your mannequin.

The resort remained open despite the bankruptcy submitting, and the casino had sufficient cash to remain operational. The Landmark had money owed totaling $30.6 million, whereas it had $30.6 million in property. Morris blamed the chapter on McGraw, alleging that he derailed a $28.eight million refinancing of the Landmark 24 hours previous to the finalization of the mortgage. Morris said operations would proceed as regular regardless of the bankruptcy filing.

The uniquely designed Landmark tower was the primary of its type to be in-built Nevada; its design was inspired by the Space Needle located in Seattle, Washington. When building stopped in 1962, the project consisted of 127,614 sq ft (11,855.7 m2) of ground space, and included two basements that have been 30 toes deep. In 1966 – the year that development resumed – architects George Tate and Thomas Dobrusky have been hired to design new parts of the resort, including the ground-floor on line casino. Yelverton and his wife stated that they'd been offered a five-percent interest within the Landmark in 1979, however that the document was never filed with the county recorder's workplace. In August 1983, the Yelvertons filed a state swimsuit to forestall the sale to Morris, stating that they would not be compensated for his or her interest if the sale proceeded. The Nevada Gaming Control Board delayed approval of Morris' buy till his offer could presumably be updated to incorporate what Zula Wolfram owed to Summa.

[husheduphistory]

Legacy Lost: The Tortured First Family of St. Louis Lager

Johann "Adam" Lemp arrived in St. Louis, Missouri in 1838, one of the thousands of new faces pouring into the country in the decades before the Civil War. He was originally from Germany and while in his home country he learned the art of brewing beer from his father, a skill he carried with him to his new home. Arriving in the United States, Lemp aspired to be a grocer but within a few years the entire trajectory of his life and the lives of his family made the first of many sharp turns. The first turn brought fortune to the Lemp name, but the others made it synonymous with tragedy.

While making a living as a grocer two of Lemp’s best selling products were his homemade vinegar and beer. The German population around St. Louis was booming and one thing that the region lacked was authentic German lager, a void that Lemp recognized and knew he was capable of filling. The light, golden drink was a welcome alternative to English ales and within two years Lemp was able to close his grocery store for bigger and better things. He built a small brewery, Western Brewery, at 112 South Second Street unofficially igniting the brewing industry in St. Louis and cementing his path to unimaginable wealth.

Lemp sold his beer in a small bar attached to his brewery but before long the demand for the beverage outgrew his buildings. The brewing operation needed more space and the solution came in the form of another structure that had been around since long before the Lemp family, St. Louis, or even Missouri, was born. Just south of the city limits were limestone caves and the cave’s climate combined with ice farmed from the nearby river provided the perfect atmosphere for the lager process. Lemp’s business thrived and in August 1862 Adam Lemp died a multi-millionaire, passing his empire to his son, William J. Lemp.

The 1860s and 1870s were hugely transformative times for the Lemp family. In 1864 William Lemp built a new plant for the brewery covering five city blocks and connecting to the caves where his family brand of beer was perfected. He continued to expand the company, becoming the largest single-owner brewery outside of New York City. In 1867 his son William Jr. was born. He would have five more children, but it was his fourth son Frederick, born in 1873, who was William’s favorite and who he planned to have inherit the family business. In 1868 William Lemp’s father-in-law had built a thirty-three room mansion close to the brewery and William Lemp and his family moved in in 1876. The mansion served as both a home and a satellite office with tunnels connecting the basement to the limestone caves. As the 1800s came to a close the Lemp family was the picture of wealth, success, and power. It was a prosperous, happy time for the Lemp family, just before it all crashed down around them.

The Lemp Mansion circa 1982. 

Postcard showing the sprawling Lemp brewery complex.

The first tragic blow to St. Louis’s most prominent family occurred on December 12th 1901 when Frederick, William’s favorite son and heir to the family business, unexpectedly died of heart failure at the age of only twenty-eight years old. The effect on William was instant, rendering him despondent and marking the beginning of a slow decline. After the death of Frederick the elder Lemp became disconnected, anxious, and he stopped going out in public, placing himself into a self-imposed and tormented solitude. The spirit of William Lemp was still broken on New Years Day 1904, the day his closest friend Frederick Pabst passed away. Lemp fell deeper into disconnect and became indifferent to the everyday operations of his business and family. On the morning of February 13th 1904 William J. Lemp Sr. walked into his bedroom and shot himself in the head.

William J. Lemp Sr. 

Newspaper story covering the suicide of William J. Lemp.

With the elder William Lemp and his brother Frederick gone the brewing business passed into the hands of William Jr., also called “Billy”, a man who most say was far better at partying and manipulation than running the family business. In 1899 William married Lillian Handlan and they welcomed their son, William J. Lemp III in September 1900, only four years before he was handed the brewery under the unfortunate circumstances of his father’s suicide. While Lemp cultivated the image of a hard partyer who did only what he pleased, his wife Lillian was coined with the nickname of the “Lavender Lady” due to her obsession with the color that took over her clothing, accessories, and even her horse’s harnesses. Lillian was surrounded by luxury, but it was forced upon her. Billy was forever hosting lavish late-night parties filled with friends, alcohol, and prostitutes, and he soon grew tired of his wife. Looking to keep her out of the picture Lemp began demanding that his wife shop on a near constant basis, giving her $1,000 a day and telling her that if she did not spend it he would never give her another cent. Finally, in 1908 Lillian filed for divorce from Billy citing desertion, cruelty, and indignities. The highly publicized divorce proceedings were a huge scandal in the St. Louis region and crowds gathered at the courthouse eager to hear the horrid details of the Lemp home. What prying ears could not pick up from outside the courthouse the eyes devoured from all the regional newspapers who dedicated their front pages to the ordeal. On day eleven in court Lillian, the Lavender Lady, appeared wearing solid black and before she left she was granted sole custody of the pair’s son.

William J. “Billy” Lemp Jr.

Lillian Handlan Lemp.

Billy Lemp built a less than flattering reputation for himself for many reasons but there is one part of his life that has never been able to be fully confirmed. Allegedly, one of Lemp’s many affairs led to a second son being born. The child was said to have Down Syndrome and because of this he was shuttered into the attic of the Lemp Mansion, never to be seen or heard. When interviewed in later years former employees of the family claim that there was in fact a secret son sequestered to living in the attic and servant quarters but there has never been any documentation found definitively proving his existence.

The Lemp family was beginning to enter even darker days but a small glimmer of happiness arrived in 1910 when Elsa, the youngest daughter of William Sr., married Thomas Wright, president of the More-Jones Brass and Metal Company. Amid the celebration there was a pallor of concern. Several years earlier in 1906 nine of the largest breweries in the St. Louis region combined to form the Independent Breweries Company and created a level of competition the family had never faced before. Billy Lemp continued to run the business as best he could, but he had no way of knowing the blows set to strike both his business and his family before the next decade arrived.

The first bit of bad news came in 1918 when Elsa and her husband first separated and then entered into a messy divorce in February 1919 citing cruelty and damage to her physical and metal wellbeing. This was unfortunate but the next hardship to hit the Lemp family extended far beyond their local courthouse, Prohibition had arrived.

The Lemp brewery was struggling before Prohibition but the movement officially hammered the nails into the business’s coffin. The family created a brand of non-alcoholic beer but already wildly wealthy, Billy Lemp saw no reason to even attempt to keep the brewery afloat. The employees of Western Brewery were made aware that their jobs were gone when they arrived at work one day to find the buildings locked. The closing of the brewery took a toll on Billy Lemp but he was not the only member of his family who was feeling themselves slip away. Elsa and her ex-husband Thomas reunited and remarried in March 1920. Within days, on March 20th 1920 Elsa, the wealthiest heiress in St. Louis, entered the bedroom of their home, sat in bed, and shot herself in the head just as her father had done sixteen years earlier.

Elsa Lemp Wright.

Newspaper story covering the suicide of Elsa Lemp Wright.

As the Prohibition years moved forward the Lemp family and their massive brewery complex continued to deteriorate. As the head of the business Billy was tasked with the liquidation of assets and he began to auction off the buildings and sell any trademarks. At its peak the Lemp brewery consisted of twenty-seven buildings, covered ten city blocks, and was valued at seven million dollars. On June 28th, 1922 it was all sold at auction to International Shoe Co. for $588,500. One piece of the ruined family legacy that they fiercely held onto was the family mansion. In a turn that closely resembled his father after the death of Frederick, after the death of the brewery Billy became reclusive, anxious, increasingly ill, and began to shun appearing in public. Six months after the sale on December 29th 1922 Billy went into his office on the main floor of the mansion and took his own life with a gunshot to the heart.

Newspaper covering the suicide of Billy Lemp.

With Billy, Elsa, and Frederick Lemp all deceased there were only three other siblings remaining to take over the family home. Charles, Edwin, and Louis all removed themselves from the brewery in its later years with Charles leaving in 1917 to go into banking and Edwin retiring in 1913 to live quietly in Kirkwood, Missouri dedicating his time to charitable causes. In 1929 Charles Lemp took up residency in the old family mansion where he lived with his dog, two servants, an unrelated married couple, and allegedly the hidden son of his brother Billy.

Charles may have been removed from the family home and business but he was not immune from the turmoil that had plagued his father and siblings. During his time in the mansion he became incredibly bitter an increasingly obsessive about germs, constantly washing his hands and never without a pair of gloves to protect himself. In 1931 his brother Louis died of natural causes and it is said that during Charles’s stay in the mansion Billy’s secret son died inside the home in his 30s. In April 1941 Charles penned an unusual letter to a St. Louis funeral home stating that in case of his death his body was to be taken directly to the Missouri Crematory with no change of clothing or bathing to take place. He went on to instruct that his ashes were to be put inside a wicker box and buried on his farm with no funeral or notice to the public about his death. Eight years later on May 9th 1949 he wrote another note reading: “St. Louis Mo/May 9, 1949, In case I am found dead blame it on no one but me. Ch. A. Lemp". After writing the note he first shot his dog in the basement and then walked up to the second floor of the mansion where he shot himself in the head. He was found the next day, still holding the gun in his hand.

Newspaper covering the suicide of Charles Lemp.

With Billy, Elsa, Charles, Louis, and Frederick gone the last remaining Lemp was Edwin. Quiet and reclusive, Edwin never moved into the mansion and after the death of Charles it was sold and turned into a boarding house. Edwin lived until the age of ninety when he died of natural causes in 1970. Among his last wishes was that all of the family’s collected art pieces, documents, and Lemp family artifacts be destroyed. A butler fulfilled his wishes, burning everything that remained and reducing it to dust along with the legacy of the Lemp family.

The Lemp mansion had a difficult existence after the demise of its founding family. Tenants were difficult to keep and the building fell into disrepair. It was not until 1975 that the building was purchased by a member of the Pointer family and turned into a restaurant and inn.

Today the Lemp Mansion still stands at 3322 De Menil Place in St. Louis, Missouri where it hosts private events, weddings, holiday events, tours and offers delicious dinners year round to hungry visitors. The site is intensely historic, but it is also allegedly one of the most haunted locations in America with regular sightings and experiences from both employees and visitors. For the brave of heart, the Lemp Mansion offers overnight stays and ghost tours where the tragic story of the Lemp family is explained, explored, and investigated.

When Adam Lemp arrived from Germany in 1838 he was just looking for a livelihood and instead found a route to power and fortune beyond his wildest dreams. The Lemp family had a meteoric rise in the United States, but the fall was absolutely devastating with the fortune, alcohol, and entire family, being washed away by their own blood.

The Lemp Mansion.

Relics of the Lemp brewery complex still standing today.

[livingcorner]

Madison Square Garden – Wikipedia

Madison Square Garden

Madison Square Garden in 2019

You're reading: Madison Square Garden – Wikipedia

Madison Square Garden

Location within Manhattan

Madison Square Garden

Madison Square Garden (New York City)

Madison Square Garden

Madison Square Garden (New York)

Madison Square Garden

Madison Square Garden (the United States)

Address 4 Pennsylvania Plaza Location New York, New York Coordinates 40°45′2″N 73°59′37″W / +61404532026°N +61404532026°W Coordinates: 40°45′2″N 73°59′37″W / +61404532026°N +61404532026°W Public transit

Amtrak: Penn Station

LIRR: Penn Station

NJ Transit: Penn Station

New York City Subway:

34th Street–Penn Station (7th Ave)

34th Street–Penn Station (8th Ave)

34th Street–Herald Square

PATH: 33rd Street New York City Bus: M4, M7, M20, M34 SBS, M34A SBS, Q32 buses

Owner Madison Square Garden Entertainment Capacity Basketball: 19,812[1] Ice hockey: 18,006[1] Pro wrestling: 18,500 Concerts: 20,000 Boxing: 20,789 Hulu Theater: 5,600 Field size 820,000 sq ft (76,000 m2) Broke ground October 29, 1964[2] Opened Former locations: 1879, 1890, 1925 Current location: February 11, 1968 Renovated 1989–1991 2011–2013 Construction cost $123 million Renovation: 1991: $200 million Total cost: $1.19 billion in 2020 Architect Charles Luckman Associates Brisbin Brook Beynon Architects Structural engineer Severud Associates[3] Services engineer Syska & Hennessy, Inc.[4] General contractor Turner/Del E. Webb[4] New York Rangers (NHL) (1968–present) New York Knicks (NBA) (1968–present) St. John’s Red Storm (NCAA) (1969–present) New York Raiders/Golden Blades (WHA) (1972–1973) New York Apples (WTT) (1977–1978) New York Stars (WBL) (1979–1980) New York Cosmos (NASL) (1983–1984) New York Knights (AFL) (1988) New York CityHawks (AFL) (1997–1998) New York Liberty (WNBA) (1997–2010, 2014–2017) New York Titans (NLL) (2007–2009) www.msg.com/madison-square-garden/

Madison Square Garden, colloquially known as The Garden or by its initials MSG, is a multi-purpose indoor arena in New York City. Located in Midtown Manhattan between 7th and 8th avenues from 31st to 33rd Streets, it is situated atop Pennsylvania Station. It is the fourth venue to bear the name “Madison Square Garden”; the first two (1879 and 1890) were located on Madison Square, on East 26th Street and Madison Avenue, with the third Madison Square Garden (1925) further uptown at Eighth Avenue and 50th Street.

The Garden is used for professional ice hockey and basketball, as well as boxing, concerts, ice shows, circuses, professional wrestling and other forms of sports and entertainment. It is close to other midtown Manhattan landmarks, including the Empire State Building, Koreatown, and Macy’s at Herald Square. It is home to the New York Rangers of the National Hockey League (NHL), the New York Knicks of the National Basketball Association (NBA), and was home to the New York Liberty (WNBA) from 1997 to 2017.

Originally called Madison Square Garden Center, the Garden opened on February 11, 1968, and is the oldest major sporting facility in the New York metropolitan area. It is the oldest arena in the National Basketball Association, and the second-oldest in the National Hockey League, with Climate Pledge Arena in Seattle being six years older than the Garden. In 2016, MSG was the second-busiest music arena in the world in terms of ticket sales, behind The O2 Arena in London.[5] Including two major renovations, its total construction cost is approximately $1.1 billion, and it has been ranked as one of the 10 most expensive stadium venues ever built.[6] It is part of the Pennsylvania Plaza office and retail complex, named for the railway station. Several other operating entities related to the Garden share its name.

History[edit]

Previous Gardens[edit]

Madison Square is formed by the intersection of 5th Avenue and Broadway at 23rd Street in Manhattan. It was named after James Madison, fourth President of the United States.[7]

Two venues called Madison Square Garden were located just northeast of the square, the original Garden from 1879 to 1890, and the second Garden from 1890 to 1925. The first, leased to P. T. Barnum,[8] had no roof and was inconvenient to use during inclement weather, so it was demolished after 11 years. The second was designed by noted architect Stanford White. The new building was built by a syndicate which included J. P. Morgan, Andrew Carnegie, P. T. Barnum,[9] Darius Mills, James Stillman and W. W. Astor. White gave them a Beaux-Arts structure with a Moorish feel, including a minaret-like tower modeled after Giralda, the bell tower of the Cathedral of Seville[9] – soaring 32 stories – the city’s second-tallest building at the time – dominating Madison Square Park. It was 200 feet (61 m) by 485 feet (148 m), and the main hall, which was the largest in the world, measured 200 feet (61 m) by 350 feet (110 m), with permanent seating for 8,000 people and floor space for thousands more. It had a 1,200-seat theatre, a concert hall with a capacity of 1,500, the largest restaurant in the city, and a roof garden cabaret.[8] The building cost $3 million.[8] Madison Square Garden II was unsuccessful like the first Garden,[10] and the New York Life Insurance Company, which held the mortgage on it, decided to tear it down in 1925 to make way for a new headquarters building, which would become the landmark Cass Gilbert-designed New York Life Building.

A third Madison Square Garden opened in a new location, on 8th Avenue between 49th and 50th Streets, from 1925 to 1968. Groundbreaking on the third Madison Square Garden took place on January 9, 1925.[11] Designed by the noted theater architect Thomas W. Lamb, it was built at the cost of $4.75 million in 249 days by boxing promoter Tex Rickard;[8] the arena was dubbed “The House That Tex Built.”[12] The arena was 200 feet (61 m) by 375 feet (114 m), with seating on three levels, and a maximum capacity of 18,496 spectators for boxing.[8]

Demolition commenced in 1968 after the opening of the current Garden,[13] and was completed in early 1969. The site is now the location of One Worldwide Plaza.

Current Garden[edit]

A basketball game at Madison Square Garden circa 1968

Read more: When to Harvest Garlic

In February 1959, former automobile manufacturer Graham-Paige purchased a 40% interest in the Madison Square Garden for $4 million[14] and later gained control.[15] In November 1960, Graham-Paige president Irving Mitchell Felt purchased from the Pennsylvania Railroad the rights to build at Penn Station.[16] To build the new facility, the above-ground portions of the original Pennsylvania Station were torn down.[17]

The new structure was one of the first of its kind to be built above the platforms of an active railroad station. It was an engineering feat constructed by Robert E. McKee of El Paso, Texas. Public outcry over the demolition of the Pennsylvania Station structure—an outstanding example of Beaux-Arts architecture—led to the creation of the New York City Landmarks Preservation Commission. The venue opened on February 11, 1968. Comparing the new and the old Penn Station, Yale architectural historian Vincent Scully wrote, “One entered the city like a god; one scuttles in now like a rat.”[18]

In 1972, Felt proposed moving the Knicks and Rangers to a then incomplete venue in the New Jersey Meadowlands, the Meadowlands Sports Complex. The Garden was also the home arena for the NY Raiders/NY Golden Blades of the World Hockey Association. The Meadowlands would eventually host its own NBA and NHL teams, the New Jersey Nets and the New Jersey Devils, respectively. The New York Giants and Jets of the National Football League (NFL) also relocated there. In 1977, the arena was sold to Gulf and Western Industries. Felt’s efforts fueled controversy between the Garden and New York City over real estate taxes. The disagreement again flared in 1980 when the Garden again challenged its tax bill. The arena, since the 1980s, has since enjoyed tax-free status, under the condition that all Knicks and Rangers home games must be hosted at MSG, lest it lose this exemption. As such, when the Rangers have played neutral-site games—even those in New York City, such as the 2018 NHL Winter Classic, they have always been designated as the visiting team.[19]

Garden owners spent $200 million in 1991 to renovate facilities and add 89 suites in place of hundreds of upper-tier seats. The project was designed by Ellerbe Becket. In 2004–2005, Cablevision battled with the City of New York over the proposed West Side Stadium, which was cancelled. Cablevision then announced plans to raze the Garden, replace it with high-rise commercial buildings, and build a new Garden one block away at the site of the James Farley Post Office. Meanwhile, a new project to renovate and modernize the Garden completed phase one in time for the Rangers and Knicks’ 2011–12 seasons,[20] though the vice president of the Garden says he remains committed to the installation of an extension of Penn Station at the Farley Post Office site. While the Knicks and Rangers were not displaced, the New York Liberty played at the Prudential Center in Newark, New Jersey during the renovation.

Madison Square Garden is the last of the NBA and NHL arenas to not be named after a corporate sponsor.[21]

Joe Louis Plaza[edit]

In 1984, the four streets immediately surrounding the Garden were designated as Joe Louis Plaza, in honor of boxer Joe Louis, who had made eight successful title defenses in the previous Madison Square Garden.[22][23]

2011–2013 renovation[edit]

Madison Square Garden’s $1 billion second renovation took place mainly over three offseasons. It was set to begin after the 2009–10 hockey/basketball seasons, but was delayed until after the 2010–11 seasons. Renovation was done in phases with the majority of the work done in the summer months to minimize disruptions to the NHL and NBA seasons. While the Rangers and Knicks were not displaced,[24][25] the Liberty played their home games through the 2013 season at Prudential Center in Newark, New Jersey, during the renovation.[26][27]

New features include a larger entrance with interactive kiosks, retail, climate-controlled space, and broadcast studio; larger concourses; new lighting and LED video systems with HDTV; new seating; two new pedestrian walkways suspended from the ceiling to allow fans to look directly down onto the games being played below; more dining options; and improved dressing rooms, locker rooms, green rooms, upgraded roof, and production offices. The lower bowl concourse, called the Madison Concourse, remains on the 6th floor. The upper bowl concourse was relocated to the 8th floor and it is known as the Garden Concourse. The 7th floor houses the new Madison Suites and the Madison Club. The upper bowl was built on top of these suites. The rebuilt concourses are wider than their predecessors, and include large windows that offer views of the city streets around the Garden.[28]

Construction of the lower bowl (Phase 1) was completed for the 2011–12 NHL season and the 2011–12 NBA lockout-shortened season. An extended off-season for the Garden permitted some advanced work to begin on the new upper bowl, which was completed in time for the 2012–13 NBA season and the 2012–13 NHL lockout-shortened NHL season. This advance work included the West Balcony on the 10th floor, taking the place of sky-boxes, and new end-ice 300 level seating. The construction of the upper bowl along with the Madison Suites and the Madison Club (Phase 2) were completed for the 2012–13 NHL and NBA seasons. The construction of the new lobby known as Chase Square, along with the Chase Bridges and the new scoreboard (Phase 3) were completed for the 2013–14 NHL and NBA seasons.

Penn Station renovation controversy[edit]

Madison Square Garden is seen as an obstacle in the renovation and future expansion of Penn Station,[29] which expanded in 2021 with the opening of Moynihan Train Hall at the James Farley Post Office,[30] and some have proposed moving MSG to other sites in western Manhattan. On February 15, 2013, Manhattan Community Board 5 voted 36–0 against granting a renewal to MSG’s operating permit in perpetuity and proposed a 10-year limit instead in order to build a new Penn Station where the arena is currently standing. Manhattan borough president Scott Stringer said, “Moving the arena is an important first step to improving Penn Station.” The Madison Square Garden Company responded by saying that “[i]t is incongruous to think that M.S.G. would be considering moving.”[31]

In May 2013, four architecture firms – SHoP Architects, SOM, H3 Hardy Collaboration Architecture, and Diller Scofidio + Renfro – submitted proposals for a new Penn Station. SHoP Architects recommended moving Madison Square Garden to the Morgan Postal Facility a few blocks southwest, as well as removing 2 Penn Plaza and redeveloping other towers, and an extension of the High Line to Penn Station.[29] Meanwhile, SOM proposed moving Madison Square Garden to the area just south of the James Farley Post Office, and redeveloping the area above Penn Station as a mixed-use development with commercial, residential, and recreational space.[29] H3 Hardy Collaboration Architecture wanted to move the arena to a new pier west of Jacob K. Javits Convention Center, four blocks west of the current station and arena. Then, according to H3’s plan, four skyscrapers would be built, one at each of the four corners of the new Penn Station superblock, with a roof garden on top of the station; the Farley Post Office would become an education center.[29] Finally, Diller Scofidio + Renfro proposed a mixed-use development on the site, with spas, theaters, a cascading park, a pool, and restaurants; Madison Square Garden would be moved two blocks west, next to the post office. DS+F also proposed high-tech features in the station, such as train arrival and departure boards on the floor, and apps that would inform waiting passengers of ways to occupy their time until they board their trains.[29] Madison Square Garden rejected the notion that it would be relocated, and called the plans “pie-in-the-sky”.[29]

In June 2013, the New York City Council Committee on Land Use voted unanimously to give the Garden a ten-year permit, at the end of which period the owners will either have to relocate or go back through the permission process.[32] On July 24, the City Council voted to give the Garden a 10-year operating permit by a vote of 47–1. “This is the first step in finding a new home for Madison Square Garden and building a new Penn Station that is as great as New York and suitable for the 21st century,” said City Council speaker Christine Quinn. “This is an opportunity to reimagine and redevelop Penn Station as a world-class transportation destination.”[33]

In October 2014, the Morgan facility was selected as the ideal area for Madison Square Garden to be moved, following the 2014 MAS Summit in New York City. More plans for the station were discussed.[34][35] Then, in January 2016, New York Governor Andrew Cuomo announced a redevelopment plan for Penn Station that would involve the removal of The Theater at Madison Square Garden, but would otherwise leave the arena intact.[36][37]

Events[edit]

Regular events[edit]

Sports[edit]

Madison Square Garden hosts approximately 320 events a year. It is the home to the New York Rangers of the National Hockey League, and the New York Knicks of the National Basketball Association. Before 2020, the New York Rangers, New York Knicks, and the Madison Square Garden arena itself were all owned by the Madison Square Garden Company. The MSG Company split into two entities in 2020, with the Garden arena and other non-sports assets spun off into Madison Square Garden Entertainment and the Rangers and Knicks remaining with the original company, renamed Madison Square Garden Sports. Both entities remain under the voting control of James Dolan and his family. The arena is also host to the Big East Men’s Basketball Tournament and the finals of the National Invitation Tournament. It also hosts select home games for the St. John’s Red Storm, representing St. John’s University in men’s (college basketball), and almost any other kind of indoor activity that draws large audiences, such as the Westminster Kennel Club Dog Show and the 2004 Republican National Convention.

The Garden was home of the NBA Draft and NIT Season Tip-Off, as well as the former New York City home of the Ringling Brothers and Barnum and Bailey Circus and Disney on Ice; all four events are now held at the Barclays Center in Brooklyn. It served the New York Cosmos for half of their home games during the 1983–84 NASL Indoor season.[38]

Many of boxing’s biggest fights were held at Madison Square Garden, including the Roberto Durán–Ken Buchanan affair, the first Muhammad Ali – Joe Frazier bout and the US debut of Anthony Joshua that ended in a huge upset. Before promoters such as Don King and Bob Arum moved boxing to Las Vegas, Nevada, Madison Square Garden was considered the mecca of boxing. The original 18+1⁄2 ft × 18+1⁄2 ft (5.6 m × 5.6 m) ring, which was brought from the second and third generation of the Garden, was officially retired on September 19, 2007, and donated to the International Boxing Hall of Fame after 82 years of service.[39] A 20 ft × 20 ft (6.1 m × 6.1 m) ring replaced it beginning on October 6 of that same year.[40]

Pro wrestling[edit]

Madison Square Garden has been considered the mecca for professional wrestling and the home of WWE (formerly WWF and WWWF).[41] The Garden has hosted three WrestleMania events, more than any other arena, including the first edition of the annual marquee event for WWE, as well as the 10th and 20th editions. It also hosted the Royal Rumble in 2000 and 2008; SummerSlam in 1988, 1991 and 1998; as well as Survivor Series in 1996, 2002 and 2011.

New Japan Pro-Wrestling (NJPW) and Ring of Honor hosted their G1 Supercard supershow at the venue on April 6, 2019, which sold out in 19 minutes after the tickets went on sale.[42] A year later it was announced that New Japan Pro-Wrestling would return to Madison Square Garden alone on August 22, 2020 for NJPW Wrestle Dynasty.[43] In May 2020, NJPW announced that the Wrestle Dynasty show would be postponed to 2021 due to the COVID-19 pandemic.[44][45]

Concerts[edit]

Madison Square Garden hosts more high-profile concert events than any other venue in New York City. It has been the venue for Michael Jackson’s Bad World Tour, George Harrison’s The Concert for Bangladesh, The Concert for New York City following the September 11 attacks, John Lennon’s final concert appearance (during an Elton John concert on Thanksgiving Night, 1974) before his murder in 1980, and Elvis Presley, who gave four sold-out performances in 1972, his first and last ever in New York City. Parliament-Funkadelic headlined numerous sold-out shows in 1977 and 1978. Kiss, who were formed in the arena’s city and three of whose members were city-born, did six shows during their second half of the 1970’s main attraction peak or “heyday”: four winter shows at the arena in 1977 (February 18 and December 14-16), and another two shows only this time in summer for a decade-ender in 1979 (July 24-25). Billy Joel, another city-born and fellow 1970’s pop star, played his first Garden show on December 14, 1978. Led Zeppelin’s three-night stand in July 1973 was recorded and released as both a film and album titled The Song Remains The Same. The Police played their final show of their reunion tour at the Garden in 2008.

In the summer of 2017, Phish performed 13 consecutive concerts at the venue, which the Garden commemorated by adding a Phish themed banner to the rafters.[46] With their first MSG show taking place on December 30, 1994, the “Bakers’ Dozen” brought the total number of Phish shows there to 52. An additional 12 shows since (4 for each of Phish’s annual New Year’s Eve runs) brings their total MSG performances to 64.[47][48]

Eric Clapton (pictured at the Garden in 2015) has played 45 concerts at the venue since 1968.[49]

At one point, Elton John held the all-time record for the greatest number of appearances at the Garden with 64 shows. In a 2009 press release, John was quoted as saying “Madison Square Garden is my favorite venue in the whole world. I chose to have my 60th birthday concert there, because of all the incredible memories I’ve had playing the venue.”[50] A DVD recording was released as Elton 60—Live at Madison Square Garden.[51] Billy Joel, who broke the record, stated “Madison Square Garden is the center of the universe as far as I’m concerned. It has the best acoustics, the best audiences, the best reputation, and the best history of great artists who have played there. It is the iconic, holy temple of rock and roll for most touring acts and, being a New Yorker, it holds a special significance to me.”[50] Queen played their first concerts at the venue in February 1977. Bob Marley and The Wailers performed in the venue in 1978, 1979 and 1980 as part of Kaya Tour, Survival Tour and Uprising Tour respectively.

The Grateful Dead performed in the venue 53 times from 1979 to 1994, with the first show being held on September 7, 1979, and the last being on October 19, 1994. Their longest run being done in September 1991.[52] Madonna performed at this venue a total of 31 concerts, the first two being during her 1985 Virgin Tour, on June 10 and 11, and the most recent being the two-nights stay during her Rebel Heart Tour on September 16 and 17, 2015. Bruce Springsteen has performed 47 concerts at this venue, many with the E Street Band, including a 10-night string of sold-out concerts out between June 12 and July 1, 2000, at the end of the E Street Reunion tour.

U2 performed at the arena 28 times: the first one was on April 1, 1985, during their Unforgettable Fire Tour, in front of a crowd of 19,000 people. The second and the third were on September 28 and 29, 1987, during their Joshua Tree Tour, in front of 39,510 people. The fourth was on March 20, 1992, during their Zoo TV Tour, in front of a crowd of 18,179 people. The fifth, sixth, seventh, eighth and ninth were on June 17 and 19 and October 24, 25, and 27, 2001, during their Elevation Tour, in front of 91,787 people. The 10th through 17th took place between May 21 and November 22, 2005, during their Vertigo Tour, in front of a total sold-out crowd of 149,004 people. The band performed eight performances at the arena in July 2015 as part of their Innocence + Experience Tour, and three performances in 2018 as part of their Experience + Innocence Tour.

The Who have headlined at the venue 32 times, including a four-night stand in 1974, a five-night stand in 1979, a six-night stand in 1996, and four-night stands in 2000 and 2002. They also performed at The Concert for New York City in 2001.[53]

On March 10, 2020, a 50th-anniversary celebration of The Allman Brothers Band entitled ‘The Brothers’ took place featuring the five surviving members of the final Allman Brothers lineup and Chuck Leavell. Dickey Betts was invited to participate but his health precluded him from traveling.[54] This was the final concert at the venue before the Covid-19 Pandemic. Live shows returned to The Garden when the Foo Fighters headlined a show there on June 20, 2021. The show was for a vaccinated audience only and was the first 100 percent capacity concert in a New York arena since the start of the pandemic.[55]

Other events[edit]

It has previously hosted the 1976 Democratic National Convention,[56] 1980 Democratic National Convention,[56] 1992 Democratic National Convention,[57] and the 2004 Republican National Convention,[58] and hosted the NFL Draft for many years (later held at Garden-leased Radio City Music Hall, now shared between cities of NFL franchises).[59][60] Jeopardy Teen Tournament/Celebrity Jeopardy filmed at MSG in 1999 [61] and Wheel of Fortune in 1999 and 2013.[62][63]

The New York Police Academy,[64] Baruch College/CUNY and Yeshiva University also hold their annual graduation ceremonies at Madison Square Garden. It hosted the Grammy Awards in 1972, 1997, 2003, and 2018 (which are normally held in Los Angeles) as well as the Latin Grammy Awards of 2006.

The group, and Best in Show competitions of the Westminster Kennel Club Dog Show have been held at MSG every February from 1877 to 2020, which was MSG’s longest continuous tenant although this was broken in 2021 as the Westminster Kennel Club announced that the event will be held outdoors for the first time.[65][66]

Notable firsts and significant events[edit]

The Garden hosted the Stanley Cup Finals and NBA Finals simultaneously on two occasions: in 1972 and 1994.

The Knicks clinched the 1970 NBA Finals at the arena in the seventh game, remembered best for Willis Reed’s unexpected appearance after an injury. The Rangers would later end their 54-year championship drought by winning the 1994 Stanley Cup Finals on home ice. Finally, the 1999 NBA Finals was decided in the Garden, with the San Antonio Spurs defeating the Knicks in five games.

MSG has hosted the following All-Star Games:

NHL All-Star Game: 1973, 1994

NBA All-Star Game: 1998, 2015

WNBA All-Star Game: 1999, 2003, 2006

All American Karate Championships held in 1968 & 1969 won by Chuck Norris 1970 was won by Mitchell Bobrow.

UFC held its first event in New York City, UFC 205, at Madison Square Garden on November 12, 2016. This was the first event the organization held after New York State lifted the ban on mixed martial arts.

Recognition given by Madison Square Garden[edit]

Madison Square Garden Gold Ticket Award[edit]

In 1977 Madison Square Garden announced Gold Ticket Awards would be given to performers who had brought in more than 100,000 unit ticket sales to the venue. Since the arena’s seating capacity is about 20,000, this would require a minimum of five sold-out shows. Performers who were eligible for the award at the time of its inauguration included Chicago, John Denver, Peter Frampton, the Rolling Stones, the Jackson 5, Elton John, Led Zeppelin, Sly Stone, Jethro Tull, The Who, and Yes.[67][68] Graeme Edge, who received his award in 1981 as a member of The Moody Blues, said he found his gold ticket to be an interesting piece of memorabilia because he could use it to attend any event at the Garden.[69] Many other performers have received a Gold Ticket Award since 1977.

Madison Square Garden Platinum Ticket Award[edit]

Madison Square Garden also gave Platinum Ticket Awards to performers who sold over 250,000 tickets to their shows throughout the years. Winners of the Platinum Ticket Awards include: the Rolling Stones (1981),[70] Elton John (1982),[71] Yes (1984),[72] Billy Joel (1984),[73] and The Grateful Dead (1987).[74]

Madison Square Garden Hall of Fame[edit]

The Madison Square Garden Hall of Fame honors those who have demonstrated excellence in their fields at the Garden. Most of the inductees have been sports figures, however, some performers have been inducted as well. Elton John was reported to be the first non-sports figure inducted into the MSG Hall of Fame in 1977 for “record attendance of 140,000” in June of that year.[75] For their accomplishment of “13 sell-out concerts” at the venue, the Rolling Stones were inducted into the MSG Hall of Fame in 1984, along with nine sports figures, bringing the hall’s membership to 107.[76]

Madison Square Garden Walk of Fame[edit]

The walkway leading to the arena of Madison Square Garden was designated as the “Walk of Fame” in 1992.[77] It was established “to recognize athletes, artists, announcers and coaches for their extraordinary achievements and memorable performances at the venue.”[78] Each inductee is commemorated with a plaque that lists the performance category in which his or her contributions have been made.[77] Twenty-five athletes were inducted into the MSG Walk of Fame at its inaugural ceremony in 1992, a black-tie dinner to raise money to fight multiple sclerosis.[79] Elton John was the first entertainer to be inducted into the MSG Walk of Fame in 1992.[80][81] Billy Joel was inducted at a date after Elton John,[82] and the Rolling Stones were inducted in 1998.[83] In 2015, the Grateful Dead were inducted into the MSG Walk of Fame along with at least three sports-related figures.[82][78]

Seating[edit]

Seating in Madison Square Garden was initially arranged in six ascending levels, each with its own color. The first level, which was available only for basketball games, boxing and concerts, and not for hockey games and ice shows, was known as the “Rotunda” (“ringside” for boxing and “courtside” for basketball), had beige seats, and bore section numbers of 29 and lower (the lowest number varying with the different venues, in some cases with the very lowest sections denoted by letters rather than numbers). Next above this was the “Orchestra” (red) seating, sections 31 through 97, followed by the 100-level “First Promenade” (orange) and 200-level “Second Promenade”(yellow), the 300-level (green) “First Balcony”, and the 400-level (blue) “Second Balcony.” The rainbow-colored seats were replaced with fuchsia and teal seats[84] during the 1990s renovation (in part because the blue seats had acquired an unsavory reputation, especially during games in which the New York Rangers hosted their cross-town rivals, the New York Islanders) which installed the 10th-floor sky-boxes around the entire arena and the 9th-floor sky-boxes on the 7th avenue end of the arena, taking out 400-level seating on the 7th Avenue end in the process.

Getting the arena ready for a basketball game in 2005

Because all of the seats, except the 400 level, were in one monolithic grandstand, horizontal distance from the arena floor was significant from the ends of the arena. Also, the rows rose much more gradually than other North American arenas, which caused impaired sightlines, especially when sitting behind tall spectators or one of the concourses. This arrangement, however, created an advantage over newer arenas in that seats had a significantly lower vertical distance from the arena floor.

Read more: How To Plant Marigolds In Amongst The Vegetables As A Companion Plant

As part of the 2011–2013 renovation, the club sections, 100-level and 200-level have been combined to make a new 100-level lower bowl. The 300-level and 400-level were combined and raised 17 feet (5.2 m) closer, forming a new 200-level upper bowl. All skyboxes but those on the 7th Avenue end were removed and replaced with balcony seating (8th Avenue) and Chase Bridge Seating (31st Street and 33rd Street). The sky-boxes on the 9th floor were remodeled and are now called the Signature Suites. The sky-boxes on the 7th Avenue end of the 10th Floor are now known as the Lounges. One small section of the 400-level remains near the west end of the arena and features blue seats. The media booths have been relocated to the 31st Street Chase Bridge.

Capacity[edit]

Basketball[85] Years Capacity 1968–1971 19,500 1971–1972 19,588 1972–1978 19,693 1978–1989 19,591 1989–1990 18,212 1990–1991 19,081 1991–2012 19,763 2012–2013 19,033 2013–present 19,812[1]

Ice hockey[86] Years Capacity 1968–1972 17,250 1972–1990 17,500 1990–1991 16,792 1991–2012 18,200 2012–2013 17,200 2013–present 18,006[1]

Hulu Theater[edit]

The Hulu Theater at Madison Square Garden seats between 2,000 and 5,600 for concerts and can also be used for meetings, stage shows, and graduation ceremonies. It was the home of the NFL Draft until 2005, when it moved to the Jacob K. Javits Convention Center after MSG management opposed a new stadium for the New York Jets. It also hosted the NBA Draft from 2001 to 2010. The theater also occasionally hosts boxing matches.

The fall 1999 Jeopardy! Teen Tournament as well as a Celebrity Jeopardy! competitions were held at the theater. Wheel of Fortune taped at the theater twice in 1999 and 2013. In 2004, it was the venue of the Survivor: All-Stars finale. No seat is more than 177 feet (54 m) from the 30′ × 64′ stage. The theatre has a relatively low 20-foot (6.1 m) ceiling at stage level[87] and all of its seating except for boxes on the two side walls is on one level slanted back from the stage. There is an 8,000-square-foot (740 m2) lobby at the theater.

Accessibility and transportation[edit]

The 7th Avenue entrance to Madison Square Garden and Penn Station in 2013

Madison Square Garden sits directly atop a major transportation hub in Pennsylvania Station, featuring access to commuter rail service from the Long Island Rail Road and New Jersey Transit, as well as Amtrak. The Garden is also accessible via the New York City Subway. The A, ​C, and ​E trains stop at 8th Avenue and the 1, ​2, and ​3 trains at 7th Avenue in Penn Station. The Garden can also be reached from nearby Herald Square with the B, ​D, ​F, <F>, ​M​, N, ​Q, ​R, and ​W trains at the 34th Street – Herald Square station as well as PATH train service from the 33rd Street station.

See also[edit]

Madison Square Garden Bowl, a former outdoor boxing venue in Queens operated by the Garden company

List of NCAA Division I basketball arenas

References[edit]

Notes[edit]

^ a b c d DeLessio, Joe (October 24, 2013). “Here’s What the Renovated Madison Square Garden Looks Like”. New York Magazine. Retrieved October 24, 2013.

^ Seeger, Murray (October 30, 1964). “Construction Begins on New Madison Sq. Garden; Grillage Put in Place a Year After Demolition at Penn Station Was Started”. The New York Times. Retrieved May 15, 2012.

^ “Fred Severud; Designed Madison Square Garden, Gateway Arch”. Los Angeles Times. June 15, 1990. Retrieved March 6, 2012.

^ a b “New York Architecture Images- Madison Square Garden Center”.

^ “Pollstar Pro’s busiest arena pdf” (PDF). Archived from the original (PDF) on March 3, 2017.

^ Esteban (October 27, 2011). “11 Most Expensive Stadiums in the World”. Total Pro Sports. Retrieved September 12, 2012.

^ Mendelsohn, Joyce. “Madison Square” in Jackson, Kenneth T., ed. (1995). The Encyclopedia of New York City. New Haven: Yale University Press. ISBN +61404532026., p. 711–712

^ a b c d e “Madison Square Garden/The Paramount”.

^ a b Federal Writers’ Project (1939). New York City Guide. New York: Random House. ISBN +61404532026. (Reprinted by Scholarly Press, 1976; often referred to as WPA Guide to New York City.), pp. 330–333

^ Burrows, Edwin G. and Wallace, Mike, Gotham: A History of New York to 1989. New York: Oxford University Press, 1999. ISBN +61404532026

^ “Madison Square Garden III” on Ballparks.com

^ Schumach, Murray (February 14, 1948).Next and Last Attraction at Old Madison Square Garden to Be Wreckers’ Ball, The New York Times

^ Eisenband, Jeffrey. “Remembering The 1948 Madison Square Garden All-Star Game With Marv Albert”. ThePostGame. Retrieved July 5, 2015.

^ “Investors Get Madison Sq. Garden”. Variety. February 4, 1959. p. 20. Retrieved July 5, 2019 – via Archive.org.

^ New York Times: “Irving M. Felt, 84, Sports Impresario, Is Dead” By AGIS SALPUKAS September 24, 1994

^ Massachusetts Institute of Technology: “The Fall and Rise of Pennsylvania Station -Changing Attitudes Toward Historic Preservation in New York City” by Eric J. Plosky 1999

^ Tolchin, Martin (October 29, 1963). “Demolition Starts At Penn Station; Architects Picket; Penn Station Demolition Begun; 6 Architects Call Act a ‘Shame’ “. The New York Times. ISSN +61404532026. Archived from the original on May 23, 2018. Retrieved May 22, 2018.

^ Muschamp, Herbert (June 20, 1993). “Architecture View; In This Dream Station Future and Past Collide”. The New York Times. ISSN +61404532026. Archived from the original on September 6, 2018. Retrieved September 6, 2018.

^ “Rangers on Road in the Bronx? Money May Be Why”. New York Times. January 25, 2014. Retrieved January 3, 2017.

^ Staple, Arthur (April 3, 2008). “MSG Executives Unveil Plan for Renovation”. Newsday. Retrieved April 3, 2008.

^ David Mayo (April 9, 2017). “With two arena closings in two days, Detroit stands unique in U.S. history”. MLive. Retrieved April 21, 2017.

^ John Eligon (February 22, 2008). “Joe Louis and Harlem, Connecting Again in a Police Athletic League Gym”. The New York Times. Retrieved September 26, 2015.

^ Feirstein, Sanna (2001). Naming New York: Manhattan Places & how They Got Their Names. New York University Press. p. 110. ISBN +61404532026. Retrieved September 26, 2015.

^ the Rangers started the 2011–12 NHL season with seven games on the road before playing their first hom game on October 27.Rosen, Dan (September 26, 2010). “Rangers Embrace Daunting Season-Opening Trip”. National Hockey League. Retrieved October 3, 2011.

^ The Knicks played the entire 2012 NBA preseason on the road.Swerling, Jared (August 2012). “Knicks preseason schedule announced”. ESPN. Retrieved October 25, 2012.

^ “Madison Square Garden – Official Web Site”. Archived from the original on December 1, 2010.

^ Bultman, Matthew; McShane, Larry (November 26, 2010). “Madison Square Garden to Add Pedestrian Walkways in Rafters as Part of $775 Million Makeover”. New York Daily News. Retrieved July 3, 2011.

^ Scott Cacciola (June 17, 2010). “Cultivating a New Garden”. Wall Street Journal. Retrieved July 23, 2016.

^ a b c d e f Hana R. Alberts (May 29, 2013). “Four Plans for a New Penn Station Without MSG, Revealed!”. Curbed. Retrieved October 26, 2014.

^ “Moynihan Train Hall Finally Opens in Manhattan”. NBC New York. December 31, 2020. Retrieved January 1, 2021.

^ Dunlap, David (April 9, 2013). “Madison Square Garden Says It Will Not Be Uprooted From Penn Station”. The New York Times. Retrieved April 10, 2013.

^ Randolph, Eleanor (June 27, 2013). “Bit by Bit, Evicting Madison Square Garden”. The New York Times. Retrieved July 8, 2013.

^ Bagli, Charles (July 24, 2013). “Madison Square Garden Is Told to Move”. The New York Times. Retrieved July 25, 2013.

^ Hana R. Alberts (October 23, 2014). “Moving the Garden Would Pave the Way for a New Penn Station”. Curbed. Retrieved October 26, 2014.

^ “MSG & the Future of West Midtown”. Scribd.

^ Higgs, Larry (January 6, 2016). “Gov. Cuomo unveils grand plan to rebuild N.Y. Penn Station”. The Star-Ledger. Retrieved January 6, 2016.

^ “6th Proposal of Governor Cuomo’s 2016 Agenda: Transform Penn Station and Farley Post Office Building Into a World-Class Transportation Hub”. Governor Andrew M. Cuomo. Retrieved January 7, 2016.

^ Yannis, Pat (March 8, 1984). “Hartford Shift Seen For Indoor Cosmos”. The New York Times. Retrieved December 22, 2016 – via newyorktimes.com.

^ Baker, Mark A. (2019). Between the Ropes at Madison Square Garden, The History of an Iconic Boxing Ring, 1925–2007. ISBN +61404532026.

^ Fine, Larry (September 19, 2007). “Madison Square Garden ring out for count after 82 years”. Reuters.

^ Sullivan, Kevin (July 12, 2014). “Madison Square Garden really is the mecca of wrestling arenas”. yesnetwork.com. Archived from the original on December 15, 2018. Retrieved December 15, 2018.

^ “History has Been Made: ROH & New Japan Sell Out Madison Square Garden – PWInsider.com”. www.pwinsider.com.

^ “NJPW Returns to MSG for Wrestle Dynasty August 22 【NJoA】”. New Japan Pro-Wrestling. Archived from the original on February 10, 2020. Retrieved February 9, 2020.

^ “NJPW Postpones Wrestle Dynasty At Madison Square Garden”. Wrestling Inc. May 6, 2020.

^ “New Japan Pro Wrestling is not coming to the United States this year – Sports Illustrated”. www.si.com.

^ Jarnow, Jesse (August 7, 2017). “Phish’s ‘Baker’s Dozen’ Residency: Breaking Down All 13 Blissful Nights”. Digiday. Retrieved August 9, 2017.

^ “Phish to Hit 60 Madison Square Garden Shows With New Year’s Eve Run”. Billboard. September 21, 2018. Retrieved January 1, 2019.

^ Bernstein, Scott. “Phish Announces New Year’s Run 2019”. Jambase.com. Archived from the original on December 6, 2019. Retrieved December 5, 2019.

^ “Eric Clapton to Celebrate 70th Birthday With Two Shows at Madison Square Garden”. Billboard. April 23, 2016. Archived from the original on May 13, 2016. Retrieved April 23, 2016.

^ a b “Madison Square Garden and Radio City Music Hall Named ‘Venue of the Decade’ in Their Respective Categories by Billboard Magazine” (Press release). New York: Business Wire. MSG Entertainment. December 21, 2009. Retrieved April 28, 2017.

^ “NME article on 60th birthday concert at Madison Square Gardens”. NME. UK. March 25, 2007. Retrieved February 25, 2009.

^ [1], dead.net the official site of the grateful dead

^ “The Who Concert Guide – Madison Square Garden”. Retrieved January 11, 2019.

^ Browne, David (March 19, 2020). “Derek Trucks on Playing Live Before and After the Coronavirus Shutdown”. Rolling Stone. Retrieved April 30, 2020.

^ “Foo Fighters To Perform At Madison Square Garden’s First Full-Capacity Concert”. NPR.org. June 20, 2021. Retrieved July 21, 2021.

^ a b Barrow, Bill (August 5, 2020). “Biden Won’t Travel to Milwaukee to Accept Party’s Nomination for President, Source Says”. The Buffalo News.

^ LOEVY, TOM CRONIN and BOB. “Do national conventions even matter anymore?”. Colorado Springs Gazette. Retrieved August 6, 2020.

^ Chung, Jen (August 30, 2019). “15 Years Ago, Protesters Took Over NYC During 2004 Republican National Convention”. Gothamist. Archived from the original on September 14, 2019. Retrieved August 6, 2020.

^ Levy, Dan. “NFL Draft Is Moving in Wrong Direction”. Bleacher Report. Retrieved August 6, 2020.

^ “Future NFL Draft locations: Host cities for 2020 NFL Draft and beyond”. www.sportingnews.com. Retrieved August 6, 2020.

^ Kaplan, Don (October 11, 1999). “‘ JEOPARDY!’ HITS NYC; GAME SHOW CHALLENGES ‘MILLIONAIRE’ ON ITS OWN TURF”. New York Post. Retrieved August 6, 2020.

^ Weinstein, Farrah (September 26, 1999). “STYLE & SUBSTANCE V-NN- WH-T-“. New York Post. Retrieved August 6, 2020.

^ “WHEEL OF FORTUNE to Tape at Madison Square Garden, 3/15-19; Shows Air May 2013”. BroadwayWorld.com. Retrieved August 6, 2020.

^ Formoso, Jessica (October 10, 2019). “NYPD welcomes new class of graduates”. FOX 5 NY. Retrieved August 6, 2020.

^ “Siba the Standard Poodle Wins the 2020 Westminster Dog Show With a Regal Attitude”. Time. Retrieved August 6, 2020.

^ Croke, Karen. “Westminster Kennel Club moves its annual dog show to Tarrytown in 2021”. The Journal News. Retrieved November 22, 2020.

^ “WNEW Gets Madison Square Garden Award” (PDF). Cash Box. Vol. XXXIX no. 25. George Albert. November 5, 1977. p. 16. Retrieved March 30, 2019 – via americanradiohistory.com.

^ “Box Office Gold Ticket”. Billboard. Vol. 89 no. 43. Lee Zhito. October 29, 1977. p. 42. Retrieved March 30, 2019 – via Google books.

^ “Graeme Edge Interview with Glide Magazine”. The Moody Blues. February 10, 2014. Retrieved March 30, 2019.

^ “Rolling Stones inducted into Hall”. The Central New Jersey Home News. New Brunswick, New Jersey, USA. June 14, 1984. p. 14, On the Go! section. Retrieved April 6, 2019 – via Newspapers.com.

^ “Elton gets award”. Tampa Bay Times. St. Petersburg, Florida, USA. August 7, 1982. p. 6A. Retrieved April 6, 2019 – via Newspapers.com.

^ “Yes, that’s quite a feat”. Daily News. New York, New York, USA. May 16, 1984. p. 83. Retrieved April 6, 2019 – via Newspapers.com.

^ “Hot Ticket”. The Desert Sun. Palm Springs, California, USA. July 7, 1984. p. D12. Retrieved April 6, 2019 – via Newspapers.com.

^ Jaeger, Barbara (October 1, 1987). “Records, Etc.: The Grateful Dead”. The Record. Hackensack, New Jersey, USA. p. E-10. Retrieved April 5, 2019 – via Newspapers.com.

^ “Elton in Manhattan” (PDF). Billboard. Vol. 89 no. 43. Lee Zhito. October 29, 1977. p. 3. Retrieved April 2, 2019 – via AmericanRadioHistory.com.

^ Thomas Jr., Robert MCG. (May 7, 1984). “Sports World Specials”. The New York Times. ISSN +61404532026. Retrieved April 2, 2019.

^ a b “Madison Square Garden Guide”. CBS New York. October 19, 2010. Retrieved May 23, 2019.

^ a b Bernstein, Scott (May 11, 2015). “Grateful Dead Inducted into MSG Walk of Fame”. JamBase. Retrieved April 16, 2019.

^ “Madison Square Garden Gets Walk of Fame”. The Seattle Times. Seattle, Washington, USA. Associated Press. September 12, 1992. Retrieved April 16, 2019.

^ “This Day in History: October 9: Also on this date in: 1992”. Cape Breton Post. Sydney, Nova Scotia, Canada. October 9, 2010. Retrieved April 16, 2019 – via PressReader.

^ Gregory, Andy, ed. (2002). International Who’s Who in Popular Music 2002. London, England: Europa Publications. p. 260 See entry “John Elton (Sir)”. ISBN +61404532026.

^ a b Biese, Alex (May 15, 2015). “Long, strange trip to NYC”. The Courier-News. Bridgewater, New Jersey, USA. p. 2, Kicks section. Retrieved April 16, 2019 – via Newspapers.com.

^ “Artists & Music: Walk This Way” (PDF). Billboard. Howard Lander. February 14, 1998. p. 12. Retrieved April 16, 2019 – via AmericanRadioHistory.

^ Olshan, Jeremy (May 12, 2011). “Seats up first as MSG starts selling memorabilia”.

^ “2011–2012 New York Knicks Media Guide”.

^ “2011–2012 New York Rangers Media Guide”.

^ “Wintuk created exclusively for Wamu Theater at Madison Square Garden” Archived March 27, 2009, at the Wayback Machine, cirquedusoleil.com, November 7, 2007

Other sources[edit]

McShane, Larry. “Looking Back at 125 Years of Madison Square Garden”. New York City. Archived from the original on August 30, 2005. Retrieved August 7, 2005.

“MSG: Corporate Information”. Archived from the original on August 6, 2005. Retrieved August 7, 2005.

“Rent The Garden”. Archived from the original on March 5, 2005. Retrieved August 7, 2005.

Bagli, Charles V. (September 12, 2005). “Madison Square Garden’s Owners Are in Talks to Replace It, a Block West”. The New York Times.

Huff, Richard (August 22, 2006). “Arena’s the Star of MSG Revamp”. New York Daily News.[permanent dead link ]

Anderson, Dave (February 19, 1981). “Sports of the Times; Dues for the City”. The New York Times.

“A Garden Built For Tomorrow,” Sports Illustrated, January 2, 1967.

Madison Square Garden under construction from the Hagley Digital Archives

External links[edit]

Official website

The Madison Square Garden Company

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Fred Gayles

Mike Hohensee

Seasons (6)

1990s

1997

1998

1999

2000s

2000

2001

2002

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Current arenas in the National Hockey League

Eastern Conference

Atlantic

Amalie Arena

BB&T Center

Bell Centre

Canadian Tire Centre

KeyBank Center

Little Caesars Arena

Scotiabank Arena

TD Garden

Metropolitan

Capital One Arena

Madison Square Garden

Nationwide Arena

PNC Arena

PPG Paints Arena

Prudential Center

UBS Arena

Wells Fargo Center

Western Conference

Central

American Airlines Center

Ball Arena

Bridgestone Arena

Canada Life Centre

Enterprise Center

Gila River Arena

United Center

Xcel Energy Center

Pacific

Climate Pledge Arena

Honda Center

Rogers Arena

Rogers Place

SAP Center at San Jose

Scotiabank Saddledome

Staples Center

T-Mobile Arena

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Current arenas in the National Basketball Association

Eastern Conference

Atlantic

Barclays Center

Madison Square Garden

Scotiabank Arena

TD Garden

Wells Fargo Center

Central

Bankers Life Fieldhouse

Fiserv Forum

Little Caesars Arena

Rocket Mortgage FieldHouse

United Center

Southeast

Amway Center

Capital One Arena

FTX Arena

Spectrum Center

State Farm Arena

Western Conference

Northwest

Ball Arena

Moda Center

Paycom Center

Target Center

Vivint Arena

Pacific

Chase Center

Footprint Center

Golden 1 Center

Staples Center

Southwest

American Airlines Center

AT&T Center

FedExForum

Smoothie King Center

Toyota Center

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St. John’s Red Storm men’s basketball

Venues

Old Madison Square Garden (193?–1969)

Madison Square Garden (1969–present)

Carnesecca Arena (alternate; 1961–present)

Rivalries

Fordham

Georgetown

Culture & lore

Johnny Thunderbird

People

Head coaches

Statistical leaders

Seasons

1907–08

1908–09

1909–10

1910–11

1911–12

1912–13

1913–14

1914–15

1915–16

1916–17

1917–18

1918–19

1919–20

1920–21

1921–22

1922–23

1923–24

1924–25

1925–26

1926–27

1927–28

1928–29

1929–30

1930–31

1931–32

1932–33

1933–34

1934–35

1935–36

1936–37

1937–38

1938–39

1939–40

1940–41

1941–42

1942–43

1943–44

1944–45

1945–46

1946–47

1947–48

1948–49

1949–50

1950–51

1951–52

1952–53

1953–54

1954–55

1955–56

1956–57

1957–58

1958–59

1959–60

1960–61

1961–62

1962–63

1963–64

1964–65

1965–66

1966–67

1967–68

1968–69

1969–70

1970–71

1971–72

1972–73

1973–74

1974–75

1975–76

1976–77

1977–78

1978–79

1979–80

1980–81

1981–82

1982–83

1983–84

1984–85

1985–86

1986–87

1987–88

1988–89

1989–90

1990–91

1991–92

1992–93

1993–94

1994–95

1995–96

1996–97

1997–98

1998–99

1999–2000

2000–01

2001–02

2002–03

2003–04

2004–05

2005–06

2006–07

2007–08

2008–09

2009–10

2010–11

2011–12

2012–13

2013–14

2014–15

2015–16

2016–17

2017–18

2018–19

2019–20

2020–21

2021–22

Helms national championship in bold; NCAA Final Four appearance in italics

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Basketball arenas of the Big East Conference

Men only

Capital One Arena (Georgetown)

CHI Health Center Omaha (Creighton)

Dunkin’ Donuts Center (Providence)

Fiserv Forum (Marquette)

Madison Square Garden (St. John’s)

Prudential Center (Seton Hall)

Women only

Alumni Hall (Providence)

D. J. Sokol Arena (Creighton)

McDonough Gymnasium (Georgetown)

McGrath–Phillips Arena (DePaul)

Al McGuire Center (Marquette)

Walsh Gymnasium (Seton Hall)

Both sexes

Carnesecca Arena (St. John’s)

Cintas Center (Xavier)

Finneran Pavilion (Villanova)

Gampel Pavilion (UConn)

Hinkle Fieldhouse (Butler)

Wells Fargo Center (Villanova)

Wintrust Arena (DePaul)

XL Center (UConn)

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Sports venues in the New York metropolitan area

Active

The Bronx

Draddy Gymnasium

Gaelic Park

Ohio Field

Rose Hill Gymnasium

Van Cortlandt Park

Yankee Stadium

Brooklyn

Aviator Sports and Events Center

Barclays Center

Maimonides Park

Generoso Pope Athletic Complex

Steinberg Wellness Center

Manhattan

Chelsea Piers

Commisso Soccer Stadium

Icahn Stadium

John McEnroe Tennis Academy

Levien Gymnasium

Madison Square Garden

Wien Stadium

Rucker Park

Sportime Stadium

Fort Washington Avenue Armory

Queens

Aqueduct Racetrack

Belson Stadium

Carnesecca Arena

Citi Field

Jack Kaiser Stadium

Metropolitan Oval

USTA Billie Jean King National Tennis Center

Arthur Ashe Stadium

Louis Armstrong Stadium

West Side Tennis Club

Staten Island

Richmond County Bank Ballpark

Spiro Sports Center

Staten Island Cricket Club

Long Island

Belmont Park

Baseball Heaven

Bethpage Federal Credit Union Stadium

Eisenhower Park

Fairfield Properties Ballpark

Kenneth P. LaValle Stadium

Hofstra Arena

Island Federal Credit Union Arena

Island Garden

James M. Shuart Stadium

Joe Nathan Field

Mitchel Athletic Complex

Nassau County Aquatic Center

Nassau Veterans Memorial Coliseum

Pritchard Gymnasium

Riverhead Raceway

UBS Arena (under construction)

New Jersey

Arm & Hammer Park

Asbury Park Convention Hall

CURE Insurance Arena

FirstEnergy Park

Freehold Raceway

Hinchliffe Stadium

Jadwin Gymnasium

Jersey City Armory

Mennen Arena

Meadowlands Sports Complex

Meadowlands Racetrack

MetLife Stadium

Monmouth Park Racetrack

MSU Soccer Park at Pittser Field

Old Bridge Township Raceway Park

Princeton Stadium

Prudential Center

Red Bull Arena

Richard J. Codey Arena

Roberts Stadium

Rothman Center

Rutgers Athletic Center

SHI Stadium

TD Bank Ballpark

Wall Township Speedway

Wellness and Events Center

Yanitelli Center

Yogi Berra Stadium

Yurcak Field

Hudson Valley

Fleming Field

Joseph F. Fosina Stadium

Palisades Credit Union Park

Rockland Lake State Park

Westchester County Center

Yonkers Raceway

Defunct

69th Regiment Armory

Bears & Eagles Riverfront Stadium

Bloomingdale Park

Boyle’s Thirty Acres

Brighton Beach Race Course

Bronx Coliseum

Capitoline Grounds

Commercial Field

Coney Island Velodrome

Eastern Park

Ebbets Field

Elysian Fields

Freeport Municipal Stadium

Dexter Park

Downing Stadium

Giants Stadium

Gravesend Race Track

Harrison Park

Hilltop Park

Island Garden (Original)

Islip Speedway

Meadowlands Arena

Jamaica Racetrack

Jerome Park Racetrack

Lewisohn Stadium

Long Island Arena

Louis Armstrong Stadium (1978–2016)

Madison Square Garden (1879)

Madison Square Garden (1890)

Madison Square Garden (1925)

Madison Square Garden Bowl

Metropolitan Park

Morris Park Racecourse

New York Velodrome

Newark Schools Stadium

Newark Velodrome

Palmer Stadium

Polo Grounds

Ridgewood Park

Roosevelt Raceway

Roosevelt Stadium

Ruppert Stadium

Rutgers Stadium (1938)

St. George Cricket Grounds

Shea Stadium

Sheepshead Bay Race Track

Singer Bowl

Suffolk Meadows

Sunnyside Garden Arena

Thompson Stadium

Union Grounds

Washington Park

Yankee Stadium (1923)

Proposed

Kingsbridge National Ice Center

New York City FC stadium

Never built

Proposed domed Brooklyn Dodgers stadium

West Side Stadium

Bergen Ballpark

The Lighthouse Project

New York Cosmos Stadium

Port Imperial Street Circuit

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NCAA Division I college basketball venues in New York

A-10

Rose Hill Gymnasium (Fordham)

Reilly Center (St. Bonaventure)

ACC

Carrier Dome (Syracuse)

AmEast

SEFCU Arena (Albany)

Binghamton University Events Center (Binghamton)

Island Federal Credit Union Arena (Stony Brook)

Big East

Madison Square Garden (St. John’s men)

Carnesecca Arena (St. John’s women, and men’s alternate)

CAA

Hofstra Arena (Hofstra)

Ivy

Levien Gymnasium (Columbia)

Newman Arena (Cornell)

MAAC

Koessler Athletic Center (Canisius)

Hynes Athletic Center (Iona)

Draddy Gymnasium (Manhattan)

McCann Field House (Marist)

Gallagher Center (Niagara)

Times Union Center (Siena men)

Alumni Recreation Center (Siena women)

MAC

Alumni Arena (Buffalo)

NEC

Steinberg Wellness Center (LIU)

Generoso Pope Athletic Complex (St. Francis Brooklyn)

Spiro Sports Center (Wagner)

Patriot

Christl Arena (Army)

Cotterell Court (Colgate)

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Venues of the Democratic National Convention

The Athenaeum and Warfield’s Church (1832)

Fourth Presbyterian Church (Baltimore) (1835)

The Assembly Rooms (1840)

Odd Fellows Hall (1844)

Universalist Church (Baltimore) (1848)

Maryland Institute (1852)

Smith and Nixon’s Hall (1856)

South Carolina Institute Hall / Front Street Theater (1860)

The Amphitheatre (Chicago) (1864)

Tammany Hall (1868)

Ford’s Grand Opera House (1872)

Merchants Exchange Building (1876)

Cincinnati Music Hall (1880)

Interstate Exposition Building (1884)

Exposition Building (1888)

Wigwam (1892)

Chicago Coliseum (1896)

Convention Hall (1900)

St. Louis Coliseum (1904)

Denver Auditorium Arena (1908)

Fifth Regiment Armory (1912)

Convention Hall (1916)

San Francisco Civic Auditorium (1920)

Madison Square Garden (II) (1924)

Sam Houston Hall (1928)

Chicago Stadium (1932)

Philadelphia Convention Hall/Franklin Field (1936)

Chicago Stadium (1940)

Chicago Stadium (1944)

Philadelphia Convention Hall (1948)

International Amphitheatre (1952)

International Amphitheatre (1956)

Los Angeles Memorial Sports Arena / Los Angeles Memorial Coliseum (1960)

Atlantic City Convention Hall (1964)

International Amphitheatre (1968)

Miami Beach Convention Center (1972)

Madison Square Garden (IV) (1976)

Madison Square Garden (IV) (1980)

Moscone Center (1984)

Omni Coliseum (1988)

Madison Square Garden (IV) (1992)

United Center (1996)

Staples Center (2000)

FleetCenter (2004)

Pepsi Center / Invesco Field (2008)

Time Warner Cable Arena (2012)

Wells Fargo Center (2016)

Wisconsin Center (2020)

v

t

e

Venues of the Grammy Award ceremonies

The Beverly Hilton (1959; 1965)

Hollywood Palladium (1971, 1974, +61404532026)

Felt Forum (1972)

Madison Square Garden (1972, 1997, 2003, 2018)

Tennessee Theatre (1973)

Uris Theatre (1975)

Shrine Auditorium (1978–1980, 1982–1987, +61404532026, 1993, +61404532026, 1999)

Radio City Music Hall (1981, 1988, 1991, 1992, 1994, 1998)

Staples Center (2000–2002, 2004–2017, 2019–present)

v

t

e

Venues of the Latin Grammy Award ceremonies

Staples Center (2000)

Conga Room (2001)

Kodak Theatre (2002)

FTX Arena (2003)

Shrine Auditorium (2004–2005)

Madison Square Garden (2006)

Mandalay Bay Events Center (2007)

Toyota Center (2008)

Mandalay Bay Events Center (2009–2013)

MGM Grand Garden Arena (+61404532026, 2017-present)

T-Mobile Arena (2016)

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e

Venues of the Republican National Convention

Musical Fund Hall (1856)

Wigwam (1860)

Front Street Theater (1864)

Crosby’s Opera House (1868)

Academy of Music (1872)

Exposition Hall (Cincinnati) (1876)

Interstate Exposition Building (1880)

Exposition Hall (Chicago) (1884)

Auditorium (1888)

Industrial Exposition Building (1892)

St. Louis Exposition and Music Hall (1896)

Convention Hall (1900)

Chicago Coliseum (1904)

Chicago Coliseum (1908)

Chicago Coliseum (1912)

Chicago Coliseum (1916)

Chicago Coliseum (1920)

Public Auditorium (1924)

Convention Hall (1928)

Chicago Stadium (1932)

Public Auditorium (1936)

Convention Hall (1940)

Chicago Stadium (1944)

Convention Hall (1948)

International Amphitheatre (1952)

Cow Palace (1956)

International Amphitheatre (1960)

Cow Palace (1964)

Miami Beach Convention Center (1968)

Miami Beach Convention Center (1972)

Kemper Arena (1976)

Joe Louis Arena (1980)

Dallas Convention Center (1984)

Louisiana Superdome (1988)

Houston Astrodome (1992)

San Diego Convention Center (1996)

First Union Center (2000)

Madison Square Garden (2004)

Xcel Energy Center (2008)

Tampa Bay Times Forum (2012)

Quicken Loans Arena (2016)

Charlotte Convention Center (2020)

Source: https://livingcorner.com.au Category: Garden

source https://livingcorner.com.au/madison-square-garden-wikipedia/

[gordonwilliamsweb]

Concert Venues Are Banking on Proof of Vaccines or Negative Tests to Woo Back Fans

MARYLAND HEIGHTS, Mo. — Fans of the band Wilco could have reasonably interpreted frontman Jeff Tweedy singing “I Am Trying to Break Your Heart” at an Aug. 13 concert at St. Louis Music Park as the universe explaining the past year or so.

For example, 30-year-old fan Lazarus Pittman had planned to see Wilco and co-headliner Sleater-Kinney in August 2020 at the open-air venue in this suburb west of St. Louis. Then the show was postponed because of the covid-19 pandemic. Pittman got sick with the coronavirus. He quit his job as a traffic engineer in Connecticut to relocate to St. Louis for his girlfriend — only to have her break up with him before he moved.

But he still trekked from New England to Missouri in a converted minivan for the rescheduled outdoor show. “Covid’s been rough, and I’m glad things are opening up again,” he said.

Yet hours before Pittman planned to cross off the concert from his bucket list, he learned the latest wrinkle: He needed proof of vaccination or a negative covid test from the previous 48 hours to enter the concert.

The bands announced the requirements just two days earlier, sending some fans scrambling. It was the latest pivot by the concert industry, this time amid an increase in delta variant infections and lingering concerns about the recent Lollapalooza music festival in Chicago being a superspreader event.

After more than a year without live music, promoters, bands and fans are eager to keep the concerts going, but uncertainty remains over whether the vaccine or negative-test requirements actually make large concerts safe even if held outdoors.

“Absolutely not,” said Dr. Tina Tan, a specialist in pediatric infectious diseases at Northwestern University. “There is just too much covid that is circulating everywhere in the U.S.”

During the first months of summer, large outdoor venues such as Red Rocks Amphitheatre in Colorado and Ruoff Music Center in Indiana again hosted bands such as the String Cheese Incident and Phish, with sellout crowds of mostly maskless people inhaling marijuana or whatever other particles were possibly around.

Then the delta variant surge in July prompted renewed concerns about large gatherings, even at such outdoor venues.

Tan, and other doctors, warned that Lollapalooza, with an estimated 385,000 attendees from July 29 to Aug. 1, was a “recipe for disaster” even though organizers instituted a vaccine or negative-test requirement.

It turned out that Lollapalooza was not a superspreader event, at least according to Chicago Department of Public Health Commissioner Dr. Allison Arwady, who reported that only 203 attendees were diagnosed with covid.

Tan said she is skeptical of those numbers.

“We know that contact tracing on a good day is difficult, so think about a venue where you have hundreds of thousands of people,” Tan said. “That just makes contact tracing that much more difficult, and there always is a reluctance for people to say where they have been.”

But Saskia Popescu, an infectious disease expert at the University of Arizona, said she sees the Lollapalooza data as “a really good sign.” Still, an outdoor concert with the new entrance rules is not without risk, she said, particularly in states such as Missouri, where the delta variant has thrived. 

“If you are considering an event in an area that has high or substantial transmission, it’s probably not a great time for a large gathering,” Popescu said.

Recently, two of the country’s largest live music promoters, AEG Presents and Live Nation Entertainment, announced they would begin requiring vaccination cards or negative covid tests where permitted by law starting in October. But not all bands and venues are instituting such measures. And some simply are postponing shows yet again. For the second straight year, organizers canceled the annual New Orleans Jazz & Heritage Festival slated for October.

Theresa Fuesting, 55, wasn’t planning on coming to her first Wilco show, even though she had four tickets, until the bands announced the new rules.

“I still think it’s a threat even though I am vaccinated,” said Fuesting, who lives just over the river from St. Louis in Illinois.

For promoters, ensuring that people like Fuesting feel safe enough to use their tickets affects their bottom line, said Patrick Hagin, who promoted the Wilco concert and serves as a managing partner of The Pageant and Delmar Hall music venues in St. Louis. Even if the tickets are already purchased, bar and merchandise sales at the venue suffer if fans are no-shows.

“Also you worry: Is this person who purchased a ticket going to even come in the future?” said Hagin.

In non-covid times, more than 90% of ticket buyers ultimately attend, Hagin said. During the pandemic, that number has been as low as 60%.

Hagin said he is temporarily offering refunds for shows at his venues. St. Louis Music Park did not offer refunds for the Wilco concert and told fans on its Facebook page that it was instituting the requirements “based on what each show wants.” The venue operators did not answer questions for this story.

Jason Green, unable to get a refund for the Aug. 13 show, sold his two sixth-row tickets for $66 — which was $116 less than he paid for the pair in March 2020. He was concerned the venue’s new requirements weren’t enough.

“You want to wait and see if that’s a legit thing that is keeping things from being spread,” said Green, 42, who lives in St. Louis and is fully vaccinated against covid.

He skipped the concert even though he and friends in a comic book collective liked Wilco enough to name a recent comic after the band’s album “A Ghost Is Born.” The band enjoys a loyal local following: Tweedy is from Belleville, Illinois, just across the Mississippi River, and the band played its debut concert in 1994 in St. Louis.

Fuesting and Pittman took their chances.

This was many fans’ first visit to the new venue, an open-air space beneath a curved roof. It was supposed to open last year but was delayed because of the pandemic.

Fans passed through metal detectors and quickly showed their vaccine cards or test results to people sitting at tables. Out of about 2,500 attendees, the venue had to turn only four people away; one of them left, got a test and then returned, Hagin said.

“I was very encouraged just by how positive the compliance was,” he said.

Fortunately, Pittman had a photo of his vaccine card on his phone, which organizers accepted.

“It was so much fun,” said Fuesting, who wore a mask for the whole show. “I just liked the energy of the crowd. They were all just such super fans and singing along to every song.”

The band encored with their classic tune “Casino Queen,” the name of a riverboat casino in East St. Louis, Illinois.

“Casino Queen,” Tweedy sang, “my lord, you’re mean.”

So is covid. But for Pittman, who didn’t wear a mask, the show was worth the gamble. He said he was so into the music, he could push the coronavirus from his mind, at least for a bit.

“They just played all of my favorite songs, one after another,” Pittman said. “I wasn’t even thinking about it.”

KHN (Kaiser Health News) is a national newsroom that produces in-depth journalism about health issues. Together with Policy Analysis and Polling, KHN is one of the three major operating programs at KFF (Kaiser Family Foundation). KFF is an endowed nonprofit organization providing information on health issues to the nation.

USE OUR CONTENT

This story can be republished for free (details).

Concert Venues Are Banking on Proof of Vaccines or Negative Tests to Woo Back Fans published first on https://nootropicspowdersupplier.tumblr.com/

[svninfinity]

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[ericvick]

Home prices could cool when the Fed tapers its bond-buying program. But a crisis? Unlikely.

U.S. home prices have been rising at a record annual pace in recent months, fueled in part by historically cheap credit, the absence of properties for sale, and the scramble by households for more space as families have fled to the suburbs during the pandemic.

Can the good times last when the Federal Reserve finally cuts back on buying mortgage and Treasury bonds? Here’s how mortgage rates and a less gargantuan central bank footprint could impact the heated U.S. housing market.

“The Fed is certainly talking and thinking about it,” said Kathy Jones, chief fixed income strategist at the Schwab Center for Financial Research, on the subject of how the Federal Reserve could scale back the central bank’s $120 billion a month bond-buying program.

But Jones also thinks tighter credit conditions, likely via higher borrowing rates as the Fed tapers its bond buying program, might end up being a saving grace for today’s housing market.

“Housing prices could certainly pull back, after accelerating so fast,” she said, pointing to households fighting over the few properties available to buy, while navigating work from home. “At some point,” she said, mortgage payments on high-priced homes “become unsustainable with people’s incomes.”

“But I don’t see a big housing debacle.”

How to pump the brakes on housing

The central bank has maintained a large footprint in the mortgage market for more than a decade, but the worsening affordability crisis in the U.S. housing market led Fed officials to walk a tightrope recently when trying to explain its ongoing large-scale asset purchases during the pandemic recovery.

Fed officials in recent weeks have expressed a fair bit of disagreement around the timing and pace of any scaling back of its large-scale asset purchases.

St. Louis Fed President James Bullard said Friday the central bank should start to slow down its bond purchases this fall and finish by March, saying he thought financial markets “are very well prepared” for the reduction in purchases.

During a midweek press briefing, Chairman Jerome Powell said tapering likely would start with agency mortgage-backed securities (MBS) and Treasury bonds at the same time, but also “the idea of reducing” mortgage exposure “at a somewhat faster pace does have some traction with some people”.

The blue line in the chart below traces the central bank’s balance sheet and abrupt path to a $8.2 trillion balance sheet since 2020 when its efforts to support markets during the pandemic began, with the red line representing its Treasury TMUBMUSD10Y, 1.232% holdings and green line its MBS. MBB, +0.02%

Fed holds major cards in MBS and Treasury markets

St. Louis Fed data

As of July 29, the Fed was holding about 31% of the roughly $7.8 trillion agency MBS market, or housing bonds with government backing.

“You could make the case that the Fed owns almost one-third of the agency mortgage bond market, and that it might make sense to loosen its grip,” Jones said, particularly as Powell has played down a direct link between its MBS purchases and climbing home prices.

It may now seem like a distant memory, but before the pandemic upheaval, that was precisely what the Fed was trying to do.

“Who would have thought,” said Paul Jablansky, head of fixed income at Guardian Life Insurance, that the U.S. would be in the midst of “one of the frothiest housing markets in history,” following last year’s extreme pandemic shutdowns that closed businesses, workplaces and national borders.

“Occasionally people ask, are we at the peak?” said Jablansky, a 30-year veteran of the mortgage, and asset-backed and broader bond market. “We are outside the balance of our experience, so it’s very difficult to say we are at the peak,” he told MarketWatch.

“I do think house price inflation will have to slow down dramatically. But maybe the biggest question is, can we see housing prices go negative? I think the Fed will work very, very hard to create a soft landing in house prices.”

Schwab’s forecast has been for the Fed to kick things off by reducing its monthly asset purchases by $15 billion to $105 billion. That would mean cutting $10 billion from its current $80 billion monthly pace of Treasury purchases and $5 billion from its $40 billion monthly pace of MBS.

“So far, we haven’t changed that,” Jones told MarketWatch.

While the Fed doesn’t set long-term interest rates, its mass buying of Treasurys aims to keep a lid on borrowing costs. Treasury yields also inform the interest rate component of 30-year fixed-rate mortgages. So perhaps, scaling back both at once makes sense, Jones said.

Misremembering the 2013 taper

Fed Chair Powell said on Wednesday that the central bank’s “substantial further progress” standard for unemployment and inflation in particular hasn’t been met yet, while stressing that he’d like to see more progress in the jobs market before easing its monetary policy support for the economy.

Powell also frequently has talked of lessons learned from the market upheaval of 2013, the “taper tantrum” that rattled markets after the central bank began talking about taking away the punch bowl, as the economy healed from the Great Recession of 2008.

“What we need to remember,” Jablansky said, is that markets sold off in anticipation of tapering, not the actual pull back in asset purchases. “Later in the year, the period [former Fed Chair Ben] Bernanke was talking about, the Fed actually continued to buy assets, and the amount of accommodation it provided to the economy actually went up.”

Historically, the only stretch where the Fed has actively withdrawn its support occurred between 2017 and 2019, following its controversial, first foray into large-scale asset purchases to unfreeze credit markets post 2008.

“It’s very difficult to draw a lot of conclusions from that real short period,” Jablansky said. “For us, the conclusion is that 2013 may be instructive, but the circumstances are really different.”

See: Why the Fed’s balance sheet is expected to top $9 trillion after it starts reducing its monthly asset purchases

The message from Powell consistently has been about preserving “maximum flexibility, but to go very slowly,” said George Catrambone, head of Americas trading at asset manager DWS Group.

Catrambone thinks that may be the right strategy, given the uncertain outlook on inflation, evidenced by, the recent spike in the cost of living, but also because of how significantly many of our lives have changed because of the pandemic.

“We know that a used car won’t cost more than a new car forever,” Catrambone said. “Do I think the housing market slows down? It could. But you really need the supply, demand imbalance to abate. That could take a while.”

Extreme wildfires, drought and other shocks of climate change have been tied to $30 billion in property losses in the first half of 2021, while putting more patches of land and U.S. homes in the path of danger. While these were less frequent housing market topics in 2013, the pandemic also changed the whole notion of “what is safe” for many families.

“Migratory patterns tend to be sticky,” Catrambone said, of the flight out of urban centers to suburbia.

What’s more, the delta variant fueling a new wave of COVID-19 cases has led to stricter masking and vaccination policies, including at Alphabet Inc., GOOG, -0.97% Facebook Inc. FB, -0.56% and others, but also delayed plans by many big companies to return staff to offices buildings.

“This probably doesn’t help occupancy rates for commercial real estate, with more people likely staying closer to home,” Catrambone said, but it likely adds to the already high “psychological value placed on housing.”

After touching record highs, the S&P 500 index SPX, -0.54%, Dow Jones Industrial Average DJIA, -0.42% and Nasdaq Composite Index COMP, -0.71% closed Friday and the week lower, but booked monthly gains.

On the U.S. economic data front, August kicks off with manufacturing and construction spending data, followed by motor vehicles sales, ADP employment and jobless claims, but the main focus of the week will be the monthly nonfarm payrolls report on Friday.

Read: Climate risk is hitting home for state and local governments