Current Garden In February 1959, former automobile manufacturer Graham-Paige purchased a 40% interest in the Madison Square Garden for $4 million and later gained control.New York Times: "Irving M. Felt, 84, Sports Impresario, Is Dead" By AGIS SALPUKAS September 24, 1994 In November 1960, Graham-Paige president Irving Mitchell Felt purchased from the Pennsylvania Railroad the rights to build at Penn Station.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 To build the new facility, the above-ground portions of the original Pennsylvania Station were torn down.
Current Garden In February 1959 former automobile manufacturer Graham-Paige purchased a 40% interest in the Madison Square Garden for $4 million and later gained controlNew York Times "Irving M Felt 84 Sports Impresario Is Dead" By AGIS SALPUKAS September 24 1994 In November 1960 Graham-Paige president Irving Mitchell Felt purchased from the Pennsylvania Railroad the rights to build at Penn StationMassachusetts Institute of Technology "The Fall and Rise of Pennsylvania Station -Changing Attitudes Toward Historic Preservation in New York City" by Eric J Plosky 1999 To build the new facility the above-ground portions of the original Pennsylvania Station were torn down