The Profit Motive

Chairman Steve Roth told investors why Vornado is interested in the Madison Square Garden swap (we wrote about it this week) at an investors conference yesterday:

“We are about making money here on a grand scale,” David Lombino reports in The Sun.

Well, at least he’s honest.

Roth added: “As an unintended consequence, the city will benefit enormously from a new world-class arena and facility.”

Unintended consequence?

-Matthew Schuerman