Madison Square Garden (MSG) is the iconic multi-purpose arena sitting atop Pennsylvania Station in Midtown Manhattan, and it is the fourth venue to bear this famous name—the first two were located at Madison Square (1879 and 1890), while the third was built on Eighth Avenue in 1925. The current building opened on February 11, 1968, on the site of the original Penn Station, making it the oldest major sporting facility in the New York metro area, the oldest arena in the NBA, and the second-oldest in the NHL. Home to the New York Rangers and the New York Knicks, and formerly the New York Liberty, the Garden hosts everything from hockey and basketball to boxing, concerts, and professional wrestling, ranking as the second-busiest music arena in the world as of 2016. With major renovations in 1991 and 2013, its total construction cost reached roughly $1.1 billion, placing it among the ten most expensive arenas ever built. The history of its predecessors is colorful: the second Garden was a lavish Beaux-Arts tower designed by Stanford White with funding from J.P. Morgan and Andrew Carnegie, while the third, built in just 249 days by boxing promoter Tex Rickard, was nicknamed "The House That Tex Built." Surrounded by landmarks like the Empire State Building and Koreatown, MSG remains a legendary cultural and sporting hub that has hosted countless unforgettable moments in live entertainment.