The self-proclaimed "World's Most Famous Arena" may be getting a new address.

The New York City Council voted nearly unanimously Wednesday to extend Madison Square Garden's operating permit for a decade with the hope that within the next 10 years, the arena will find a new home and the city will have a plan to renovate Penn Station, which lies under it.

“This is an opportunity to reimagine and redevelop Penn Station as a world-class transportation destination," said City Council Speaker (and NYC mayoral candidate) Christine Quinn told reporters according to the New York Times.

The Council's decision, while not unexpected, comes only shortly before the Garden completes its massive $968 million renovation.

James Dolan, who controls the Knicks, Rangers and Madison Square Garden, brushed off the Council's decision in what is a very Dolan-like statement:

"Madison Square Garden has operated at its current site for generations, and has been proud to bring New Yorkers some of the greatest and most iconic moments in sports and entertainment. We now look forward to the reopening of the arena in the fall of 2013."

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