The City Council voted to end Madison Square Garden’s 25-year tax exemption, but the move is meaningless without the support of the Dolan family’s allies in Albany. [NY Times]

Vornado Realty plans to build a home for Major League Baseball’s cable network on 125th Street, the first prime office tower in Harlem for more that three decades. [NY Times]  

Scaffold falls, killing construction worker at a Brooklyn building site. [NY Times] 

An audit by city comptroller revealed the 79th Street Boat Basin is "leaking" money. [NY Post] 

Gimme Shelter: North Fork of Long Island catches up with the costlier South Fork, Edgar Bronfman and his wife move into 11-room condo at 1040 Fifth. [NY Post]

Hamilton Heights in Manhattan’s last bastion of bargains. [NY Post]

City panel is expected to endorse a modified congestion pricing plan Thursday, but Bloomberg’s proposal may face hurdles in Albany. [NYDN]  

Will New York’s hotel industry be able to weather the economic slump? [NY Sun]

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