Madison Square Garden—located between seventh and eighth avenues from 31st street to 33rd street, — is the world’s most famous arena. MSG opened on February 11, 1968 it is now the oldest sporting facility in NY, the oldest arena on the National Hockey League and the second oldest arena in the National Basketball League. The Garden is one of three busiest music arenas in terms ticket sales.
MSG is used for professional basketball and ice hockey, as well as circuses, ice shows, concerts, and other entertainments. Most events that take place in Madison Square Garden are sold out because top celebrities perform, or either people just want to go to experience something different. In addition the N.Y.P.D Academy, Baruch College and Yeshiva University also hold their annual graduation ceremonies there.
The Garden is on a three-year off season renovation that has an estimated expense close to 1 billion dollars. The reason for this renovation is to modernize the Garden with an advance technology system, such as new lighting and LED video systems with HDTV and to give the Garden a unique look compared to other arenas around the country. Once this renovation is finalized the hottest ticket for any event in Madison Square Garden will be on the two sky bridges across the arena that will have a capacity up to one thousand people.