Richard Basciano
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Richard Basciano
Richard Basciano (July 16, 1925 – May 1, 2017) was an American property developer active in New York City and Philadelphia.Forum Theater almost completely razed; neighbors next in line, by Alex Rudinski, Philadelphia Real Estate Blog, 1 March 2013 Basciano was born in 1925 in Baltimore, Maryland, where his father was a professional boxer. In the 1960s, Basciano began selling pornography around New York in partnership with Gambino crime family mobster Robert DiBernardo. In the 1970s and 1980s, Basciano's real estate empire was centered on the Show World Center, New York's largest and oldest sex emporium. He was dubbed the "porn king of Times Square" in press reports.The Fading Neon of Times Square's Sex Shops;Elusive, Undisputed King of Midtown Pornography May Be Forced Out of Business, by Dan Barry, New York Times, 28 October 1995 Perhaps his best-known property in Philadelphia was the Forum Theatre, an adult theatre. In early June 2013, a building controlled by Basciano a ...
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Property Developer
Real estate development, or property development, is a business process, encompassing activities that range from the renovation and re-lease of existing buildings to the purchase of raw land and the sale of developed land or parcels to others. Real estate developers are the people and companies who coordinate all of these activities, converting ideas from paper to real property. Real estate development is different from construction or housebuilding, although many developers also manage the construction process or engage in housebuilding. Developers buy land, finance real estate deals, build or have builders build projects, develop projects in joint venture, create, imagine, control, and orchestrate the process of development from the beginning to end.New York Times, March 16, 1963, "Personality Boom is Loud for Louis Lesser" Developers usually take the greatest risk in the creation or renovation of real estate and receive the greatest rewards. Typically, developers purchase a t ...
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New York City
New York, often called New York City or NYC, is the List of United States cities by population, most populous city in the United States. With a 2020 population of 8,804,190 distributed over , New York City is also the List of United States cities by population density, most densely populated major city in the United States, and is more than twice as populous as second-place Los Angeles. New York City lies at the southern tip of New York (state), New York State, and constitutes the geographical and demographic center of both the Northeast megalopolis and the New York metropolitan area, the largest metropolitan area in the world by urban area, urban landmass. With over 20.1 million people in its metropolitan statistical area and 23.5 million in its combined statistical area as of 2020, New York is one of the world's most populous Megacity, megacities, and over 58 million people live within of the city. New York City is a global city, global Culture of New ...
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Philadelphia
Philadelphia, often called Philly, is the largest city in the Commonwealth of Pennsylvania, the sixth-largest city in the U.S., the second-largest city in both the Northeast megalopolis and Mid-Atlantic regions after New York City. Since 1854, the city has been coextensive with Philadelphia County, the most populous county in Pennsylvania and the urban core of the Delaware Valley, the nation's seventh-largest and one of world's largest metropolitan regions, with 6.245 million residents . The city's population at the 2020 census was 1,603,797, and over 56 million people live within of Philadelphia. Philadelphia was founded in 1682 by William Penn, an English Quaker. The city served as capital of the Pennsylvania Colony during the British colonial era and went on to play a historic and vital role as the central meeting place for the nation's founding fathers whose plans and actions in Philadelphia ultimately inspired the American Revolution and the nation's inde ...
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Baltimore
Baltimore ( , locally: or ) is the most populous city in the U.S. state of Maryland, fourth most populous city in the Mid-Atlantic, and the 30th most populous city in the United States with a population of 585,708 in 2020. Baltimore was designated an independent city by the Constitution of Maryland in 1851, and today is the most populous independent city in the United States. As of 2021, the population of the Baltimore metropolitan area was estimated to be 2,838,327, making it the 20th largest metropolitan area in the country. Baltimore is located about north northeast of Washington, D.C., making it a principal city in the Washington–Baltimore combined statistical area (CSA), the third-largest CSA in the nation, with a 2021 estimated population of 9,946,526. Prior to European colonization, the Baltimore region was used as hunting grounds by the Susquehannock Native Americans, who were primarily settled further northwest than where the city was later built. Colonist ...
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The New York Times
''The New York Times'' (''the Times'', ''NYT'', or the Gray Lady) is a daily newspaper based in New York City with a worldwide readership reported in 2020 to comprise a declining 840,000 paid print subscribers, and a growing 6 million paid digital subscribers. It also is a producer of popular podcasts such as '' The Daily''. Founded in 1851 by Henry Jarvis Raymond and George Jones, it was initially published by Raymond, Jones & Company. The ''Times'' has won 132 Pulitzer Prizes, the most of any newspaper, and has long been regarded as a national " newspaper of record". For print it is ranked 18th in the world by circulation and 3rd in the U.S. The paper is owned by the New York Times Company, which is publicly traded. It has been governed by the Sulzberger family since 1896, through a dual-class share structure after its shares became publicly traded. A. G. Sulzberger, the paper's publisher and the company's chairman, is the fifth generation of the family to head the pa ...
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Gambino Crime Family
The Gambino crime family (pronounced ) is an Italian-American Mafia crime family and one of the "Five Families" that dominate organized crime activities in New York City, United States, within the nationwide criminal phenomenon known as the American Mafia. The group, which went through five bosses between 1910 and 1957, is named after Carlo Gambino, boss of the family at the time of the McClellan hearings in 1963, when the structure of organized crime first gained public attention. The group's operations extend from New York and the eastern seaboard to California. Its illicit activities include labor and construction racketeering, gambling, loansharking, extortion, money laundering, prostitution, fraud, hijacking, and fencing. The family was one of the five families that were founded in New York after the Castellammarese War of 1931. For most of the next quarter-century, it was a minor player in organized crime. Its most prominent member during this time was its underboss Albe ...
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Robert DiBernardo
Robert "DiB" DiBernardo (May 31, 1937 in Hewlett, New York – June 5, 1986) was a member of the Gambino crime family and one of John Gotti's subordinates, who was reputed to control much of the commercial pornography in the US. During the 1984 US presidential election, publicity about DiBernardo having rented business premises from the husband of Geraldine Ferraro embroiled her in damaging media innuendo about organized crime. By some accounts, DiBernardo was ''the'' major figure behind the US adult industry. In any event, he was a relatively capable businessman who did not have any personal reputation for involvement in violence, but his Mafia links deterred potential competitors and warded off other criminals. He became immensely influential in the US pornography business, and an associate of Reuben Sturman. Whether DiBernardo's relationship with Sturman and others was based on outright extortion or mutual advantage was never established. DiBernardo was seen as a phenomenal ...
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Real Estate
Real estate is property consisting of land and the buildings on it, along with its natural resources such as crops, minerals or water; immovable property of this nature; an interest vested in this (also) an item of real property, (more generally) buildings or housing in general."Real estate": Oxford English Dictionary online: Retrieved September 18, 2011 In terms of law, ''real'' is in relation to land property and is different from personal property while ''estate'' means the "interest" a person has in that land property. Real estate is different from personal property, which is not permanently attached to the land, such as vehicles, boats, jewelry, furniture, tools and the rolling stock of a farm. In the United States, the transfer, owning, or acquisition of real estate can be through business corporations, individuals, nonprofit corporations, fiduciaries, or any legal entity as seen within the law of each U.S. state. History of real estate The natural right of a person t ...
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Times Square
Times Square is a major commercial intersection, tourist destination, entertainment hub, and neighborhood in Midtown Manhattan, New York City. It is formed by the junction of Broadway, Seventh Avenue, and 42nd Street. Together with adjacent Duffy Square, Times Square is a bowtie-shaped space five blocks long between 42nd and 47th Streets. Brightly lit at all hours by numerous digital billboards and advertisements as well as businesses offering 24/7 service, Times Square is sometimes referred to as "the Crossroads of the World", "the Center of the Universe", "the heart of the Great White Way", “the Center of the Entertainment Universe”, and "the heart of the world". One of the world's busiest pedestrian areas, it is also the hub of the Broadway Theater District and a major center of the world's entertainment industry. Times Square is one of the world's most visited tourist attractions, drawing an estimated 50 million visitors annually. Approximately 330,000 people ...
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22nd And Market Building Collapse
On June 5, 2013, a building undergoing demolition collapsed onto the neighbouring Salvation Army Thrift Store at the southeast corner of 22nd and Market Streets in Center City, Philadelphia, Pennsylvania, trapping a number of people under the rubble. The store was open and full of shoppers and staff. Six people died and fourteen others were injured. The construction contractor, Griffin Campbell, and excavator operator, Sean Benschop, were charged with involuntary manslaughter and other charges. They were found guilty of manslaughter, and Campbell and Benschop received prison sentences of 15 years to 30 years, and 7.5 years to 15 years, respectively. Background 2138 Market Street, an unoccupied four-story building, had been under demolition by Griffin Campbell Construction for several weeks prior to the collapse. This property is owned by Richard Basciano through his development corporation, STB Investments. 2138 Market was adjacent to the one-story 2140 Market Street building ...
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Adult Entertainment
The sex industry (also called the sex trade) consists of businesses that either directly or indirectly provide sex-related products and services or adult entertainment. The industry includes activities involving direct provision of sex-related services, such as prostitution, strip clubs, host and hostess clubs and sex-related pastimes, such as pornography, sex-oriented men's magazines, sex movies, sex toys and fetish or BDSM paraphernalia. Sex channels for television and pre-paid sex movies for video on demand, are part of the sex industry, as are adult movie theaters, sex shops, peep shows, and strip clubs. The sex industry employs millions of people worldwide, mainly women. These range from the sex worker, also called adult service provider (ASP) or adult sex provider, who provides sexual services, to a multitude of support personnel. Etymology The origins of the term ''sex industry'' are uncertain, but it appears to have arisen in the 1970s. A 1977 report by the Ontario ...
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Gentrified
Gentrification is the process of changing the character of a neighborhood through the influx of more affluent residents and businesses. It is a common and controversial topic in urban politics and planning. Gentrification often increases the economic value of a neighborhood, but the resulting demographic displacement may itself become a major social issue. Gentrification often sees a shift in a neighborhood's racial or ethnic composition and average household income as housing and businesses become more expensive and resources that had not been previously accessible are extended and improved. The gentrification process is typically the result of increasing attraction to an area by people with higher incomes spilling over from neighboring cities, towns, or neighborhoods. Further steps are increased investments in a community and the related infrastructure by real estate development businesses, local government, or community activists and resulting economic development, increased a ...
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