Billionaire Emerges As New York’s Largest GOP Donor After Previously Backing Dems

Dolan met with Trump at the White House earlier this year alongside real estate developer Steven Roth before Trump publicly supported a Penn Station renovation proposal that would not require relocating the Garden.

The billionaire’s Republican support is not without political risk because Madison Square Garden benefits from a longstanding state tax exemption estimated to be worth tens of millions of dollars annually, Politico reported.

Some Democratic lawmakers have pushed to eliminate that benefit, while MSG’s use of facial-recognition technology has also faced scrutiny from New York Attorney General Letitia James and other elected officials.