Some say the event is too expensive and not popular enough any more.
Fact: New York City’s most famous indoor track and field venue, the Millrose Games, has been held in Madison Square Garden since 1914. But the times–they are a changing. The New York Times is reporting that the Armory Foundation, which owns the rights to the event, is expected to announce next week that it will be moved to the Armory Track and Field Center in Upper Manhattan.
Were this to happen, the Millrose Games would lose its financing from the United States Track and Field (USATF), which opposes the move.
Unfortunately, attendance for the games has dropped in recent years. Rent for Madison Square Garden is expensive; it’s expected to get even more costly once renovations there are complete.
Moving to the Armory is a risk. This year, 9,000 spectators attended the games. This figure is 7,000 less than the capacity at the Garden, but is 5,000 more than the maximum capacity allowed at the Armory.
The USATF spends $1 million on the event.
For More: The New York Times