MSG enters MOU on Penn Station redevelopment; Infosys Theater transfer contemplated

Madison Square Garden Entertainment Corp.

Non-binding MOU with Master Developer (Halmar/Skanska) acknowledges MSG Arena must remain fully operational during redevelopment.
MOU contemplates transfer of Infosys Theater at MSG to Master Developer, subject to definitive agreements.
No assurance that Penn Station redevelopment or theater transfer will occur; further negotiation required.

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