http://www.nydailynews.com/sports/basket...-1.2589753
Quote:Tax exemption saves Madison Square Garden chairman James Dolan $48.5 million for 2016 fiscal year
Quote:"This tax exemption is unfortunately another example of government policies and practices that give preferential treatment to large corporations rather than focus on what's in the best interests of the public," says noted attorney and Knicks fan Norman Siegel. "I would look to the mayor, the controller, the City Council to be looking out for the public's interest."
The tax break has been enshrined in law since 1982, when mayor Ed Koch approved it to keep the Garden's owners from acting on a threatened move to New Jersey. But despite local and state politicians pushing to have the tax break removed, any legislation ultimately has stalled in Albany, keeping the Garden's 34-year (and counting) tax free streak alive.
