The City Council of New York voted by a margin of 47 to 1 to limit the lease of Madison Square Garden to 10 years.

The arena is located above Penn Station and council members would prefer to see the arena moved to improve Penn Station.

The lease could be extended in the future.

Madison Square Garden is undergoing a billion-dollar renovation.

“Madison Square Garden will have to move, and I think this permit sends the message that that work needs to begin now,” City Council Speaker Christine Quinn said. “We need to make sure Penn Station becomes what we need it to be, a really 21st century grand entrance into the greatest city in the world, not ... what Sen. [Daniel] Moynihan or others historically described as a bunch of rat tunnels that lead people in and out of the city every day.”