Legendary New York rock venue Madison Square Garden is facing demolition if a new development plan gets the go ahead.
The $14 billion (£7 billion) plan was unveiled by the Empire State Development Corporation on Wednesday (24Oct07), and, if approved, Madison Square Garden will be knocked down and then rebuilt two blocks away.
The arena will need to be demolished so that plans to revamp Penn Station and convert the nearby General Post Office building into another train station can be achieved.
If the plan is given the go ahead, the new Madison Square Garden will open in 2011.
Acts including Led Zeppelin, Bruce Springsteen, Madonna, The Rolling Stones, The Who and Elvis Presley have recorded live albums at the venue.

Schade, ein neuer Madison Square Garden wird nicht dieses historische Flair haben wie der originale. Wieder ein Symbol für Elvis' Triumphe weniger (falls es soweit kommt).

Aber The Who haben dort meines Wissens kein Live-Album aufgenommen.

what kind of waste of money