![]() It is part of the Pennsylvania Plaza office and retail complex, named for the railway station. ![]() Including two major renovations, its total construction cost was approximately $1.1 billion, and it has been ranked as one of the 10 most expensive stadium venues ever built. As of 2016, MSG is also the second-busiest music arena in the world in terms of ticket sales. It is the oldest arena in the NBA and the second oldest arena in the NHL. 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 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 of the Women's National Basketball Association (WNBA) from 1997 to 2017. It is close to other midtown Manhattan landmarks, including the Empire State Building, Koreatown, and Macy's at Herald Square. The Garden hosts professional ice hockey, professional basketball, boxing, mixed martial arts, concerts, ice shows, circuses, professional wrestling, and other forms of sports and entertainment. It is the fourth venue to bear the name "Madison Square Garden" the first two, 18, were located on Madison Square, on East 26th Street and Madison Avenue, with the third Madison Square Garden (1925) farther uptown at Eighth Avenue and 50th Street. It is located in Midtown Manhattan between Seventh and Eighth Avenues from 31st to 33rd Street above Pennsylvania Station. Madison Square Garden, colloquially known as the Garden or by its initials MSG, is a multi-purpose indoor arena in New York City.
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