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 <title>Madison Square Garden Swap: An Inside Job</title>
 <link>http://www.observer.com/node/34370</link>
 <description><![CDATA[<!--paging_filter--><div class="photoCaption" /><img alt="MSG Night.jpg" src="http://therealestate.observer.com/MSG%20Night.jpg" width="251" height="167" /><br />Steve Roth's Big Deal</div />
The story on <a href="http://www.observer.com/20060313/20060313_Matthew_Schuerman_pageone_financialpress.asp">the Madison Square Garden flip </a>in the current issue of the <em>Observer</em> showed how Steven Roth, chairman of Vornado, would win big if the deal goes through. We have since learned that the idea for moving the Garden goes all the way back to 2003, and that it wasn&#8217;t Roth who thought of it, at least according to one insider&#8217;s account, but rather two executives at <a href="http://www.nylovesbiz.com/default.asp">the state economic development agency</a> in charge of the redeveloping the Farley Post Office, the back end of which may one day make way for the arena.
 <span class='read-more'><a href="http://www.observer.com/node/34370">&nbsp;read&nbsp;more&nbsp;&raquo;</a></span>]]></description>
 <comments>http://www.observer.com/node/34370#comments</comments>
 <category domain="http://www.observer.com/channel/real-estate">Real Estate</category>
 <category domain="http://www.observer.com/taxonomy/term/26286">Empire State Development Corporation</category>
 <category domain="http://www.observer.com/taxonomy/term/30192">Peter Waldt</category>
 <category domain="http://www.observer.com/taxonomy/term/30194">Steve Roth</category>
 <category domain="http://www.observer.com/taxonomy/term/30193">Steven Roth</category>
 <pubDate>Mon, 13 Mar 2006 08:45:56 -0500</pubDate>
 <dc:creator>Observer Staff</dc:creator>
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