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-- report in the heart of Manhattan Madison Square Garden has served as the Big Apple -- smack up.
These stage for world class events.
It now undergoing -- billion dollar make over and all without taxpayer dollars.
-- claimant is live at Madison Square Garden with your exclusive look at the work just under way Liz what's going on.
Bob Robert the workers have descended today on Fox Business is the first network we've got the first cameras.
Who will show to the project beginning right now of course here is the iconic Madison Square Garden.
A forty year old building which really has history that goes back more than a hundred years.
The previous location was on the corner of Madison square hence the -- Madison Square Garden we of course right now our 31 -- seventh avenue.
And we are in the tunnel here coming through to what's called the lower level concourse.
This is the first of three stages of work have a lower level concourse right now.
Yet fans love the garden they live for -- they feel that it has that special something about it but.
Little gray around the temple so it needs to work and this is going to be a very ambitious 775.
Million to 800 million project.
Beginning today -- the renderings give you a sense of what just the slower level concourse which is the first stage.
It's going to look like before of course it is very kind of back confusing -- claustrophobic but.
The ceilings are low but then you see what it is going to have it's going to have views of the city.
And this whole project is going to create about 3700.
Not to mention thirteen hundred full time jobs it starts today I've already got a piece of the garden in my hands a piece of drywall just four hours ago there were walls up.
Behind this door but of course.
This is a very storied storied historic area you know this was the place where Marilyn Monroe -- Happy birthday Mr.
President in 1963 to John F.
People remember that of course they would remember things like.
All of that Republican national conventions and the democratic national conventions that happen here not to mention.
The great New York Rangers and the great New York Knicks this comes at a very important time by the way dare I say it was for the name LeBron James.
They are trying very hard to get him here in New York to the New York Knicks.
But of course when you start gusting up the old garden and make it look fabulous that could certainly be something huge as sort of -- -- -- up behind these doors.
This is where the work begins and coming up over the next two hours you will meet the lead architect.
Marie Bain and -- is a man who has put this together for five years he's done many many -- -- But this of course is the special line.
And then of course we will be speaking to New York rangers' Adam graves New York Knick Allan Houston who -- -- the chatter has Allan Houston is the -- sort of get up possibly help lure LeBron James if he can the company York.
We also have the CEO of MST the publicly traded company that spun off in February from Cablevision he is Hank Ratner we've got a lot of business to talk to him about.
And not to mention Scott O'Neil who is MSG sports president they've got a lot of corporate corporate sponsors and corporate.
Friends here what helped make this real -- please see the pictures on putting on my heart happy it's behind the story coming up public shame.
I'm going to open a store and show everybody the very first shots.
What has become the biggest arena renovation.
In American history back to we'll see in just a few minutes.
Great stuff -- looking good that hard hat were hoping that'll be the LeBron James make over for the world's most famous and -- that we'll be back to you.
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