Yeah, comparing MSG is pointless. New land comes at somewhat of a premium in Manhattan. Also, as New Era pointed out, the reno cost $1B USD. Yes, the Saddledome can be reno'ed - if you want to drop a $1.3B, it can be reno'ed quite nicely.
But in Calgary, where there actually is land to be had, starting over with a new building is cheaper and more efficient.
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