Madison Square Garden owner hints it would shrink to accommodate Penn Station revamp

Madison Square Garden officials might be willing to sell a portion of the world’s most famous arena to clear the way for Gov. Kathy Hochul’s plan to rebuild Penn Station.

“When the opportunity presents, that makes sense both strategically and financially, we will take that opportunity to create value,” MSG Entertainment President Andrew Lustgarten said on a conference call Tuesday, in response to a question from an analyst.

Last week Gov. Hochul unveiled her plan for redeveloping Penn Station, the nation’s largest commuter hub that is entombed underneath the Garden. Under the preliminary proposal, the arena would remain where it is, but renderings showed a grand

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