March 6 (Bloomberg) -- New York Knicks season-ticket prices for 2012-13 will be 4.9 percent more expensive on average as parent company Madison Square Garden Co. embarks on the second phase of a three-part arena transformation.
Season tickets for the National Hockey League’s New York Rangers, also owned by the company, will rise an average of 9.5 percent, the teams said yesterday in a statement.
“Our top priority continues to be creating a world-class experience for every person that visits the Garden,” Scott O’Neil, president of MSG Sports, said in the statement.
Knicks season-ticket prices rose an average of 49 percent this season. Rangers season tickets increased by an average of 23 percent.
Season tickets will be offered in 23 price categories for the Rangers and 22 for the Knicks, whose ratings and merchandise sales have soared since Harvard University-educated Jeremy Lin took over as point guard a month ago.
The Knicks are 18-19, third in the National Basketball Association’s five-team Atlantic Division, while the Rangers have a league-best 91 points.
The second phase of construction will focus on the upper bowl of the arena, where the incline will increase 17 degrees, moving fans seven to 10 feet closer to the playing surface, MSG said.
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