The Grammys Are Returning to NYC's Madison Square Garden in 2018

| May 09, 2017 03:14 PM EDT

The Grammys are officially returning to NYC’s Madison Square Garden in 2018 after months of rumors. This will be the first time that the awards ceremony has been held in New York since 2003. 2018 will be the 60th anniversary of the show and it is slated to take place on Jan. 28, 2018 at Madison Square Garden, airing on CBS.

The awards show has been rotating back and forth between New York and Los Angeles since the 1970s, but found a more permanent home at the Staples Center in L.A. in 2004. Efforts to return the Grammys to NYC have been a long time coming, and began in 2014.

President of the Recording Academy Neil Portnow said exclusively to Billboard, “It has always been something that I thought was of interest to us; it was really all about the details. We’ve been in L.A. for many years; we used to bounce back and forth from time to time. With the East Coast being the home for half the membership of the Academy - certainly there’s a very vibrant, vital part of the music industry on the East Coast and in New York - and given that this is an anniversary year for us, it’s a special chance to celebrate.”

The Mayor’s office reports that the Grammys are projected to bring in $200 million in economic benefits to the city, upwards of $82 million in direct spend and $120 million indirectly. Tourism will also account for another several hundred million. The Academy worked with director Spike Lee and creative agency TBWA\Chiat\Day to create a video announcing the move.

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