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Editor: Stephen Clowney
Univ. of Kentucky College of Law

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Monday, March 18, 2013

Does the Rule Against Perpituities Apply to City Permits?

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The N.Y. Times reports that the owners of Madison Square Garden are asking New York City to renew "in perpetuity" the permit that allows them to operate an sports facility atop Penn Station, the country’s busiest transit hub.

Hopefully someone up there will see that this is a terrible idea.  In addition to the problem that it's impossible to know how conditions in the city will change over the next 10 or 20 or 50 years, approving the request would cement the monstrously ugly Garden on the landscape and permanently consign the millions of commuters who use Penn Station to a cramped and lightless entrance to the city.

Steve Clowney

http://lawprofessors.typepad.com/property/2013/03/does-the-rule-against-perpituities-apply-to-city-permits.html

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