"Madison Square Garden is a multi-purpose indoor arena in midtown Manhattan in New York City. Located between Seventh and Eighth Avenues from 31st to 33rd Streets, it is situated atop Pennsylvania Station. It is the fourth venue to bear the name, the first two of which were located on Madison Square, with the third Madison Square Garden further uptown at Eighth Avenue and 50th Street. The Garden is used for professional basketball and ice hockey, as well as boxing, concerts, ice shows, circuses, and other forms of sports and entertainment. It resides in close geographic proximity 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 and the New York Knicks of the National Basketball Association.
Opening on February 11, 1968, it is now considered to be the oldest, and most active major sporting facility in the New York metropolitan area. It is the oldest arena in the National Hockey League and the second-oldest arena in the National Basketball Association. Madison Square Garden is the third-busiest music arena in the world in terms of ticket sales, behind the Phones 4u Arena and The O2 Arena, both in England. At a total construction cost of approximately $1.1 billion, Madison Square Garden has been ranked as one of the ten most expensive stadium venues ever built. It is part of the Pennsylvania Plaza office and retail complex. Several other operating entities related to the Garden share its name."