{"id":264168,"date":"2026-06-12T04:48:29","date_gmt":"2026-06-12T04:48:29","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-ny\/264168\/"},"modified":"2026-06-12T04:48:29","modified_gmt":"2026-06-12T04:48:29","slug":"knicks-fans-are-subsidizing-seats-theyll-never-afford-at-msg","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-ny\/264168\/","title":{"rendered":"Knicks Fans Are Subsidizing Seats They\u2019ll Never Afford at MSG"},"content":{"rendered":"<p class=\"ArticleBodyText_articleBodyContent__17wqE typography_articleBody___5jDr\" data-component=\"paragraph\">Nobody expected the New York Knicks\u2019 first Finals home games in a generation to be cheap. But this championship run has pushed the limits of even New York excess. Before Monday\u2019s game, a law firm and a private equity giant split a <a href=\"https:\/\/www.espn.com\/nba\/story\/_\/id\/49000295\/knicks-say-1m-was-winning-auction-bid-2-celebrity-row-seats\" target=\"_blank\" rel=\"noopener nofollow\" class=\"media-ui-Link_link-tVkXhPLPofs-\" data-component=\"link\">$1 million bid<\/a> for a pair of courtside seats in a charity auction. Before Wednesday\u2019s matchup, the \u201ccheap\u201d seats on resale sites hovered <a href=\"https:\/\/frontofficesports.com\/ticket-prices-for-game-4-at-msg-drop-following-knicks-loss\/\" target=\"_blank\" rel=\"noopener nofollow\" class=\"media-ui-Link_link-tVkXhPLPofs-\" data-component=\"link\">around $5,000<\/a>.<\/p>\n<p class=\"ArticleBodyText_articleBodyContent__17wqE typography_articleBody___5jDr\" data-component=\"paragraph\">While everyone gawks at those prices, another number deserves attention. Madison Square Garden, the arena which is owned by the Knicks\u2019 parent company, enjoys a tax break that has cost city taxpayers <a href=\"https:\/\/www.ibo.nyc.ny.us\/iboreports\/an-examination-of-the-madison-square-garden-property-tax-exemption-july-2023.pdf\" target=\"_blank\" rel=\"noopener nofollow\" class=\"media-ui-Link_link-tVkXhPLPofs-\" data-component=\"link\">around $1 billion since 1984<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"Nobody expected the New York Knicks\u2019 first Finals home games in a generation to be cheap. But this&hellip;\n","protected":false},"author":2,"featured_media":264169,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[3339,5868,609,6079,2710,9,24,55,54,56,1653,319,102374,6315,16826],"class_list":["post-264168","post","type-post","status-publish","format-standard","has-post-thumbnail","category-new-york-city","tag-cities","tag-economic-development","tag-government","tag-inflation","tag-law","tag-new-york","tag-new-york-city","tag-new-york-city-headlines","tag-new-york-city-news","tag-ny","tag-private-equity","tag-sports","tag-streaming-services","tag-tourism","tag-view"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/264168","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/comments?post=264168"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/264168\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media\/264169"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media?parent=264168"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/categories?post=264168"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/tags?post=264168"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}