Madison Square Garden in the city and a roof garden cabaret. The building cost $3 million. Madison Square Garden II was unsuccessful like the first Garden, and the New York Life Insurance Company, which held the mortgage on it, decided to tear it down in 1925 to make way for a new headquarters building, which would become the landmark Cass Gilbert-designed New York Life Building. A third Madison Square Garden opened in a new location, on 8th Avenue between 49th and 50th Streets, from 1925 to 1968. Groundbreaking on the third Madison Square Garden took place on January 9, 1925. Designed by the
Madison Square Garden home of the Ringling Brothers and Barnum and Bailey Circus and Disney on Ice; all four events are now held at the Barclays Center in Brooklyn. It served the New York Cosmos for half of their home games during the 1983–84 NASL Indoor season. Many of boxing's biggest fights were held at Madison Square Garden, including the Roberto Durán–Ken Buchanan affair, and the first Muhammad Ali – Joe Frazier bout. Before promoters such as Don King and Bob Arum moved boxing to Las Vegas, Nevada Madison Square Garden was considered the mecca of boxing. The original ring, which was brought