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Crain’s: Will Madison Square Garden Move?

penn stationThis week’s issue of Crain’s New York contains a brief story about the status of plans to move MSG into the Farley Post Office:
“Sources say MSG is not convinced that the Moynihan project will go forward—given hurdles like funding—and continues to study renovating at its current location…If MSG remains where it is, that would scuttle much of the office tower development planned around Penn Station, where Vornado Realty Trust owns a good deal of land. Vornado is one of two developers the state has chosen for the Moynihan Station project, along with The Related Companies.”
The story also mentions the possibility of Macy’s moving to Moynihan Station, calling it a “trial balloon” to put pressure on the Garden.