Madison Square Garden Is Fouling Knicks Fans: Adam Minter

Nobody expected the New York Knicks’ first Finals home games in a generation to be cheap. But this championship run has pushed the limits of even New York excess. Before Monday’s game, a law firm and a private equity giant split a $1 million bid for a pair of courtside seats in a charity auction. Before Wednesday’s matchup, the “cheap” seats on resale sites hovered around $5,000.

While everyone gawks at those prices, another number deserves attention. Madison Square Garden, the arena which is owned by the Knicks’ parent company, enjoys a tax break that has cost city taxpayers around $1 ...