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 (1890) the original. This is now at the Philadelphia Museum of Art, and a copy is in the Metropolitan Museum of Art. Saint-Gaudens made several smaller variants in bronze, one of which was on display in the entryway of both Madison Square Garden III, built in 1925, and the current Madison Square Garden. The opening of the new arena was attended by over 17,000 people – who paid up to $50 for tickets to the event – including J.P. Morgan, the Pierponts, the Whitneys and General William Tecumseh Sherman. In 1902 and 1903, the Garden hosted the World Series of Football,