Madison Square Garden

Madison Square Garden (MSG III) was an indoor arena in New York City, the third bearing that name. Built in 1925 and closed in 1968, it was located on the west side of Eighth Avenue between 49th and 50th streets in Manhattan, on the site of the city's trolley-car barns. It was the first Garden that was not located near Madison Square. MSG III was the home of the New York Rangers of the National Hockey League and the New York Knicks of the National Basketball Association, and also hosted numerous boxing matches, the Millrose Games, the National Invitation Tournament, concerts, and other events. In 1968 it was demolished and its role and name passed to the fourth Madison Square Garden, which stands at the site of the original Penn Station. One Worldwide Plaza was built on the arena's former 50th Street location. History Groundbreaking on the third Madison Square Garden took place on January 9, 1925. Designed by the theater architect Thomas W. Lamb, it was built at the cost of $4.75 million in 349 days by boxing promoter Tex Rickard, who assembled backers he called his "600 millionaires" to fund the project. The new arena was dubbed "The House That Tex Built." In contrast to the ornate towers of Stanford White's second Garden, the exterior of MSG III was a simple box. Its most distinctive feature was the ornate marquee above the main entrance, with seemingly endless abbreviations (Tomw., V/S, Rgrs, Tonite, Thru, etc.) Even the name of the arena was abbreviated, to "Madison Sq. Garden". The arena, which opened on December 15, 1925, was by , with seating on three levels, and a maximum capacity of 18,496 spectators for boxing. It had poor sight lines, especially for hockey, and fans sitting virtually anywhere behind the first row of the side balcony could count on having some portion of the ice obstructed. The poor ventilation and allowed smoking often caused haze in the upper portions of the Garden. Madison Square Garden III was managed by Rickard, John S. Hammond, William F. Carey, General John Reed Kilpatrick, Ned Irish and Irving Mitchell Felt. It was eventually replaced by the fourth Madison Square Garden.