Nick Martell

That's what it's got.

The plan also calls for a public park and a grand commuter train hall for the passengers all above the ground, not below the ground.

But pause the pod, Jack.

I'm no architect, but if there's going to be a grand public park and a grand train hall where... What's there right now, man?

Madison Square Garden is there.

So the only way this plan happens is if this famous basketball and hockey arena moves across the street to a giant vacant lot where the Hotel Pennsylvania used to stand until it was recently demolished.

That's the key.

Nothing can change about the current Penn Station as long as MSG is squadding on top of it.

And with the famous basketball and hockey arena out of the way, that would open up America's biggest development opportunity.

Which leads me, Jack, to the paycheck.

What is the cost of this?

Where is the bill?

How are we doing this?

It's up there.

The cost is estimated at $7.5 billion for moving the arena and building the new station.

Okay, but Jack, considering President Trump's administration just gave Argentina a $20 billion bailout, $7.5 billion feels like, you know, pocket change billions right here, man.

Which leads to the interesting stock market angle here.

And what is that?

The winner, if this happens, is Madison Square Garden.

Madison Square Garden, not on Madison Avenue, a circle, not a square, and no gardens on the premises.