By Ken Reed
For the last 32 years, New York City’s famed Madison Square Garden (MSG), a for-profit business, has not paid a cent in property tax to New York City. MSG was granted a tax exemption in 1982. There is no expiration date.
For the tax year beginning in July, the Garden will save approximately $54 million in property taxes, according to George Sweeting, the deputy director of the city’s Independent Budget Office. Since 1982, the Garden has saved $350 million in property taxes due to the exemption.
“Truly, this is one of the wonders of the world: a chunk of corporate welfare unlimited in size and infinite in time,” wrote Jim Dwyer in the New York Times recently.
Former New York City mayor Edward Koch said in 2002 that he thought the tax exemption was only for 10 years. However, the language of the law actually reads that as long as the New York Knicks and New York Rangers play their home games at the Garden for 10 years the tax exemption would continue. And continue it has.
However, a State Assembly committee will consider a bill in the coming weeks to end the exemption, said David Weprin, a Queens assemblyman who has long opposed the tax exemption for the Garden.
Let’s hope Weprin’s work pays off and the state law giving the Garden this sweetheart tax break is wiped from the books.
— Ken Reed, Sports Policy Director, League of Fans
Sports Forum Podcast
Episode #22 – League of Fans’ Sports Forum podcast: Rethinking Sports Fandom with Author Craig Calcaterra – We discuss Calcaterra’s new book “Rethinking Fandom: How to Beat the Sports-Industrial Complex at Its Own Game” and explore new ways to be a fan in the year 2022.
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Episode #21 – League of Fans’ Sports Forum podcast: Chatting About a Broken Game With Baseball Writer Pedro Moura – Moura is a national baseball writer for Fox Sports. We discuss how and why the game of baseball is broken, what factors caused it, and offer a few thoughts on how to “fix” a great game.
Episode #20 – League of Fans’ Sports Forum podcast: Coaching Youth and High School Sports Based On What’s Best for the Athlete’s Holistic Development – We chat with long-time youth, high school and college basketball coach Jim Huber.
Episode #19 – League of Fans’ Sports Forum podcast: Capturing the Spirit of the All-American Girls Professional Baseball League with Anika Orrock – We discuss the hoops AAGPFL women had to jump through to play the game they loved as well as the long-term impact and legacy they have in advancing sports opportunities for girls and women.
Episode #18 – League of Fans’ Sports Forum podcast: Talking about the 50th Anniversary of Title IX and the Lia Thomas Controversy with Nancy Hogshead-Makar – Hogshead-Makar is a triple gold medalist in swimming, a civil rights attorney and CEO of Champion Women.
Episode #17 – League of Fans’ Sports Forum podcast: Talking Sports With Legendary New York Times Sports Columnist Robert Lipsyte – We chat about Lipsyte’s amazing career and some of the athletes he covered.
Media"How We Can Save Sports" author Ken Reed appears on Fox & Friends to explain how there's "too much adult in youth sports."
Ken Reed appears on Mornings with Gail from KFKA Radio in Colorado to discuss bad parenting in youth athletics.
“Should College Athletes Be Paid?” Ken Reed on The Morning Show from Wisconsin Public Radio
Ken Reed appears on KGNU Community Radio in Colorado (at 02:30) to discuss equality in sports and Title IX.
Ken Reed appears on the Ralph Nader Radio Hour (at 38:35) to discuss his book The Sports Reformers: Working to Make the World of Sports a Better Place, and to talk about some current sports issues.
- League of Fans Sports Policy Director Ken Reed quoted in Washington Post column titled "What happened to P.E.? It’s losing ground in our push for academic improvement," by Jay Mathews
League of Fans is a sports reform project founded by Ralph Nader to fight for the higher principles of justice, fair play, equal opportunity and civil rights in sports; and to encourage safety and civic responsibility in sports industry and culture.
Sports & Torts – Ken Reed, Sports Policy Director, League of Fans – at the American Museum of Tort Law
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