New York Coliseum
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The New York Coliseum was a
convention center A convention center (American English; or conference centre in British English) is a large building that is designed to hold a convention, where individuals and groups gather to promote and share common interests. Convention centers typica ...
that stood at
Columbus Circle Columbus Circle is a traffic circle and heavily trafficked intersection in the New York City borough of Manhattan, located at the intersection of Eighth Avenue, Broadway, Central Park South ( West 59th Street), and Central Park West, at the ...
in
Manhattan Manhattan (), known regionally as the City, is the most densely populated and geographically smallest of the five boroughs of New York City. The borough is also coextensive with New York County, one of the original counties of the U.S. state ...
,
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 L ...
, from 1956 to 2000. It was designed by
architects An architect is a person who plans, designs and oversees the construction of buildings. To practice architecture means to provide services in connection with the design of buildings and the space within the site surrounding the buildings that h ...
Leon Levy and Lionel Levy in a modified International Style, and included both a low building with exhibition space and a 26-story office block. The project also included the construction of a housing development directly behind the complex. The Coliseum was planned by
Robert Moses Robert Moses (December 18, 1888 – July 29, 1981) was an American urban planner and public official who worked in the New York metropolitan area during the early to mid 20th century. Despite never being elected to any office, Moses is regarded ...
, an urban planner and the chairman of the
Triborough Bridge and Tunnel Authority The Triborough Bridge and Tunnel Authority (TBTA), doing business as MTA Bridges and Tunnels, is an affiliate agency of the Metropolitan Transportation Authority that operates seven toll bridges and two tunnels in New York City. In terms of traf ...
(TBTA). In 1946, it was proposed to build a convention center within a new
Madison Square Garden Madison Square Garden, colloquially known as The Garden or by its initials MSG, is a multi-purpose indoor arena in New York City. It is located in Midtown Manhattan between Seventh and Eighth avenues from 31st to 33rd Street, above Pennsylv ...
building at Columbus Circle. This plan was not successful, nor was another plan for the
Metropolitan Opera The Metropolitan Opera (commonly known as the Met) is an American opera company based in New York City, resident at the Metropolitan Opera House at Lincoln Center, currently situated on the Upper West Side of Manhattan. The company is opera ...
House. After years of delays, the Coliseum was approved in 1953, and construction started in 1954. The Coliseum hosted its first exhibits on April 28, 1956, followed by hundreds of conventions over the next four decades. The Coliseum supplanted the
Grand Central Palace The Grand Central Palace was an exhibition hall in Midtown Manhattan, New York City. The name refers to two structures, both located on Lexington Avenue near Grand Central Terminal. The original structure was a six-story structure built in 1893 ...
as the city's main convention center until the 1980s, when the Coliseum was superseded in that role by the
Javits Center The Jacob K. Javits Convention Center, commonly known as the Javits Center, is a large convention center on Eleventh Avenue between 34th Street and 38th Street in Hell's Kitchen, Manhattan, New York City. It was designed by architect James ...
. The TBTA's successor, the
Metropolitan Transportation Authority The Metropolitan Transportation Authority (MTA) is a public benefit corporation responsible for public transportation in the New York City metropolitan area of the U.S. state of New York. The MTA is the largest public transit authority in th ...
(MTA), started looking for buyers in order to raise money for its operations.
Boston Properties Boston Properties, Inc. is a publicly traded real estate investment trust that invests in premier workplaces in Boston, Los Angeles, New York City, San Francisco, Seattle, and Washington, D.C. As of June 30, 2022, the company owned or had int ...
attempted to negotiate a lease between 1987 and 1994. The site was ultimately bought by a joint venture between
Time Warner Warner Media, LLC ( traded as WarnerMedia) was an American multinational mass media and entertainment conglomerate. It was headquartered at the 30 Hudson Yards complex in New York City, United States. It was originally established in 1972 by ...
and
The Related Companies The Related Companies, L.P. is an American real estate firm in New York City, with offices and developments in Boston, Chicago, Los Angeles, Las Vegas, Miami, San Francisco, Abu Dhabi, London, São Paulo and Shanghai. Related has more ...
in 1998, and the Coliseum was demolished in 2000 to make way for the
Time Warner Center Deutsche Bank Center (also One Columbus Circle and formerly Time Warner Center) is a mixed-use building on Columbus Circle in Manhattan, New York City. The building occupies the western side of Columbus Circle and straddles the border between ...
.


Description

The Coliseum was located on the west side of Columbus Circle. It occupied the block from West 58th to West 60th Streets between Eighth and Ninth Avenues. One block of 59th Street was decommissioned to make way for the complex. The Coliseum contained four exhibition floors, including a -square, three-story void for exhibiting large items, such as sailboats and airplanes. The exhibition space did not contain any windows; its exterior was instead sheathed in plain white stone. The space had three separate entrances and could host up to six shows at the same time. Nine elevators and five escalators were installed in this part of the building, as was a two-lane truck ramp. Upon the Coliseum's opening, one of the freight elevators was said to be larger than any other elevator in existence, except for the airplane elevators present on
aircraft carrier An aircraft carrier is a warship that serves as a seagoing airbase, equipped with a full-length flight deck and facilities for carrying, arming, deploying, and recovering aircraft. Typically, it is the capital ship of a fleet, as it allows a ...
s. The attached office building had 26 stories and was covered in white and gray brick. The complex was designed by Leon Levy and Lionel Levy. The complex cost $35 million to build, of which $26.5 million came from toll revenues collected by the
Triborough Bridge and Tunnel Authority The Triborough Bridge and Tunnel Authority (TBTA), doing business as MTA Bridges and Tunnels, is an affiliate agency of the Metropolitan Transportation Authority that operates seven toll bridges and two tunnels in New York City. In terms of traf ...
(TBTA). The sculptor Paul Manship was commissioned to design four plaques for the Coliseum. The four plaques depicted the federal, state, city, and TBTA seals. Just before the Coliseum was demolished, the MTA removed the plaques for restoration.
Christopher Gray Christopher Stewart Gray (April 24, 1950 – March 10, 2017) was an American journalist and architectural historian,Schneider, Daniel B (August 27, 2000)"F.Y.I. Hell's Kitchen in the Raw" '' The New York Times''. March 4, 2010. noted for his wee ...
of ''
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 ...
'' criticized the complex as a "low point for New York's public buildings". He said that the visual relationship between the windowless convention space and the grid-shaped facade of the office building "was awkward at best". Gray quoted another magazine, ''Art News,'' as stating that the complex contained a "total lack of relation to its site". After the Coliseum's demolition was completed in 2000, Joyce Purnick of the ''Times'' wrote, "What was always wrong about the Coliseum was its original conception. It was, as an exhibition hall, broad and impenetrable, a wall of blond brick. There it sat at the gateway to Central Park—an unblinking barrier." A U.S.
postage stamp A postage stamp is a small piece of paper issued by a post office, postal administration, or other authorized vendors to customers who pay postage (the cost involved in moving, insuring, or registering mail), who then affix the stamp to the f ...
commemorates the Fifth International
Philatelic Philately (; ) is the study of postage stamps and postal history. It also refers to the collection and appreciation of stamps and other philatelic products. Philately involves more than just stamp collecting or the study of postage; it is possi ...
Exhibition as well as the Coliseum.


History


Planning

The Triborough Bridge and Tunnel Authority's chairman,
Robert Moses Robert Moses (December 18, 1888 – July 29, 1981) was an American urban planner and public official who worked in the New York metropolitan area during the early to mid 20th century. Despite never being elected to any office, Moses is regarded ...
, first envisioned a convention center for New York City in 1944. Separately, in 1946, the
Madison Square Garden Madison Square Garden, colloquially known as The Garden or by its initials MSG, is a multi-purpose indoor arena in New York City. It is located in Midtown Manhattan between Seventh and Eighth avenues from 31st to 33rd Street, above Pennsylv ...
Corporation proposed building a large sports arena along the western edge of Columbus Circle between 58th and 60th Streets, supplementing the existing
Madison Square Garden Madison Square Garden, colloquially known as The Garden or by its initials MSG, is a multi-purpose indoor arena in New York City. It is located in Midtown Manhattan between Seventh and Eighth avenues from 31st to 33rd Street, above Pennsylv ...
(MSG) ten blocks south. The nine-story MSG annex would include a 25,000- to 27,000-seat arena, a convention space, and a 2,000-car garage. The convention space would the world's largest. The TBTA would build the new MSG building and issue bonds to finance construction, and the city would take over the building after the bonds were paid off. In this original plan, the structure would have been located above 59th Street. The cost of construction was projected at $25 million; the land itself was said to cost $5 million. The plans were delayed in February 1947, when the
New York State Assembly The New York State Assembly is the lower house of the New York State Legislature, with the New York State Senate being the upper house. There are 150 seats in the Assembly. Assembly members serve two-year terms without term limits. The Ass ...
's Ways and Means Committee failed to act on a bill that would have authorized the construction of the new MSG building. Supporters of the project stated that New York City had already lost the opportunity to host several large expositions due to the inadequate facilities at the
Grand Central Palace The Grand Central Palace was an exhibition hall in Midtown Manhattan, New York City. The name refers to two structures, both located on Lexington Avenue near Grand Central Terminal. The original structure was a six-story structure built in 1893 ...
, the city's only convention center at the time. In April 1948, Governor
Thomas E. Dewey Thomas Edmund Dewey (March 24, 1902 – March 16, 1971) was an American lawyer, prosecutor, and politician who served as the 47th governor of New York from 1943 to 1954. He was the Republican candidate for president in 1944 and 1948: although ...
signed a bill that authorized the MSG annex's construction. However, due to disagreements among the MSG Corporation's board of directors, the project was put on hold in April 1949. During this delay in the plans, several private interests purchased large tracts of land on the site of the proposed MSG annex. Negotiations resumed in October of that year, with the expectation that construction would begin in spring 1950. By this time, the project was known as the "Columbus Circle Coliseum". In ''
The Power Broker ''The Power Broker: Robert Moses and the Fall of New York'' is a 1974 biography of Robert Moses by Robert Caro. The book focuses on the creation and use of power in New York local and state politics, as witnessed through Moses' use of unelecte ...
'', Moses biographer
Robert Caro Robert Allan Caro (born October 30, 1935) is an American journalist and author known for his biographies of United States political figures Robert Moses and Lyndon B. Johnson. After working for many years as a reporter, Caro wrote '' The Power ...
states that the Coliseum's name "reveals Moses' preoccupation with achieving an immortality conferred on the Caesars of Rome". In May 1951, the city offered the
Metropolitan Opera The Metropolitan Opera (commonly known as the Met) is an American opera company based in New York City, resident at the Metropolitan Opera House at Lincoln Center, currently situated on the Upper West Side of Manhattan. The company is opera ...
and
New York Philharmonic The New York Philharmonic, officially the Philharmonic-Symphony Society of New York, Inc., globally known as New York Philharmonic Orchestra (NYPO) or New York Philharmonic-Symphony Orchestra, is a symphony orchestra based in New York City. It is ...
a chance to build a new opera house and operate it tax-free on part of the Coliseum's land. ''The New York Times'' described it as Moses's "new approach" toward the project. At this point, the land for the Coliseum had still not been acquired. By July 1951, more than half the $1 million cost for the proposed Metropolitan Opera House's site had been raised. By January 1952, the opera had achieved $900,000 of the cost of acquisition, which had jumped to $1.2 million. However, the plan for a Metropolitan Opera House at Columbus Circle was dropped in March 1952. Moses later said that the problems surrounding the site included internal conflicts among the Metropolitan Opera's directors regarding whether the opera should simply rebuild its existing opera house. The Columbus Circle Coliseum was included in the Columbus Circle Urban Renewal Plan, published in 1952. In April 1952, the Federal
Housing and Home Finance Agency The Housing and Home Finance Agency (HHFA) was responsible for the principal housing programs of the United States from 1947 to 1965. It was superseded by the U.S. Department of Housing and Urban Development and preceded by the National Housing ...
advanced $40,000 toward slum clearing. Slightly more than half of the plot was to contain an apartment complex so Moses could receive two-thirds federal funding for clearing the slums on the site. The two-thirds federal funding for slum clearing could only be approved by the
Federal Housing Administration The Federal Housing Administration (FHA), also known as the Office of Housing within the Department of Housing and Urban Development (HUD), is a United States government agency founded by President Franklin Delano Roosevelt, created in part by ...
if at least half the site were used for housing. Thus, housing took up the western 51% of the block, facing Ninth and Columbus Avenues, while the Coliseum took up the eastern 49%, facing Columbus Circle. By October 1952, Moses said that builders were ready to start construction on the Coliseum, but he emphasized that the MSG arena was no longer part of the plan. In December of that year, the plan to build a convention center and two 12-story residential towers was submitted to the
New York City Board of Estimate The New York City Board of Estimate was a governmental body in New York City responsible for numerous areas of municipal policy and decisions, including the city budget, land-use, contracts, franchises, and water rates. Under the amendments effec ...
and Mayor
Vincent R. Impellitteri Vincent Richard Impellitteri (born Vincenzo Impellitteri; February 4, 1900 – January 29, 1987) was an American politician and judge who served as the 101st Mayor of New York City, 1950–53. He was elected as a Democrat as president of the City ...
. The Board of Estimate quickly voted to approve the Coliseum project because of an expected turnover in Housing and Home Finance Agency leadership, which in turn was occurring due to the election of President Dwight D. Eisenhower that year.


Construction and opening

As part of the Coliseum project, Moses condemned the area from West 58th to West 60th Streets on the west side of Columbus Circle. However, the start of construction was delayed by a lawsuit from a taxpayer who wanted an injunction on the acquisition. The Grand Central Palace held its last show in late 1953, and due to the delays in building the Coliseum, it was anticipated that New York City would not have a convention space for the following three years. An appeals court gave the city the right to acquire the land for the project in October 1953, and the city obtained the land in November of that year. The Coliseum project, as well as the related development of housing, was approved in December 1953. It replaced the Gotham National Bank Building as well as smaller tenement and retail buildings. In the original plan, there would have been a separate office building and convention center, but the two structures were combined in a late revision to the plan. There would also be a 900-space parking lot under the Coliseum. The cornerstone for the Coliseum was laid on October 22, 1954. Seventy-five subcontractors from forty construction trades were hired to build the Coliseum. In May 1955, an accident occurred in which a component of the exhibition space collapsed while concrete was being poured into it. The accident injured 50 workers and killed one. A subsequent investigation found no evidence of criminal negligence. The Coliseum opened on April 28, 1956, with three exhibitions: the
New York International Auto Show The New York International Auto Show is an annual auto show that is held in Manhattan in late March or early April. It is held at the Jacob Javits Convention Center. It usually opens on or just before Easter weekend and closes on the first S ...
, the National
Photographic Photography is the art, application, and practice of creating durable images by recording light, either electronically by means of an image sensor, or chemically by means of a light-sensitive material such as photographic film. It is employed ...
Show, and the International Philatelic Exhibition. One observer wrote of the new convention center, "The Coliseum is extraordinary in many ways. Its vastness must be seen—from the inside—to be believed". Ground was broken for the housing to the west of the Coliseum on May 1, 1956, three days after the center's official opening. It was complete by September 1957. The new housing development, called Coliseum Park, consisted of two 15-story buildings at 58th and 60th Streets with 590 units between them, as well as a park separating the two buildings. By the first anniversary of the Coliseum's opening, over three million people had visited the convention center. Additionally, 70% of the attached office building had been leased. The opening of the Coliseum, as well as other nearby projects such as a new tube for the
Lincoln Tunnel The Lincoln Tunnel is an approximately tunnel under the Hudson River, connecting Weehawken, New Jersey, to the west with Midtown Manhattan in New York City to the east. It carries New Jersey Route 495 on the New Jersey side and unsigned Ne ...
, gave rise to a new
zoning Zoning is a method of urban planning in which a municipality or other tier of government divides land into areas called zones, each of which has a set of regulations for new development that differs from other zones. Zones may be defined for a si ...
plan for the Far West Side of Manhattan. This rezoning allowed for a series of new developments in the formerly blighted
Hell's Kitchen Hell's Kitchen, also known as Clinton, is a neighborhood on the West Side of Midtown Manhattan in New York City. It is considered to be bordered by 34th Street (or 41st Street) to the south, 59th Street to the north, Eighth Avenue to the ea ...
neighborhood. The number of renters in Hell's Kitchen also increased following the Coliseum's opening. In 1959, a bilateral agreement was made between the
United States The United States of America (U.S.A. or USA), commonly known as the United States (U.S. or US) or America, is a country Continental United States, primarily located in North America. It consists of 50 U.S. state, states, a Washington, D.C., ...
and
Soviet Union The Soviet Union,. officially the Union of Soviet Socialist Republics. (USSR),. was a transcontinental country that spanned much of Eurasia from 1922 to 1991. A flagship communist state, it was nominally a federal union of fifteen nationa ...
. As part of the agreement, the
American National Exhibition The American National Exhibition (July 25 to Sept. 4, 1959) was an exhibition of American art, fashion, cars, capitalism, model homes and futuristic kitchens that attracted 3 million visitors to its Sokolniki Park, Moscow venue during its six-wee ...
was to be held in Moscow, and the Russians were to host the Soviet National Exhibition at the New York Coliseum from June 29, 1959, to late July 1959.
Sputnik Sputnik 1 (; see § Etymology) was the first artificial Earth satellite. It was launched into an elliptical low Earth orbit by the Soviet Union on 4 October 1957 as part of the Soviet space program. It sent a radio signal back to Earth for ...
, the Soviet satellite launched in 1957, was a focal point amidst exhibits on Soviet industry and agriculture, as were musical and theatrical performances. By 1967, the Coliseum had hosted 247 major events with a total of 24 million visitors. The Coliseum had a tax agreement with the city, wherein the city government would collect a portion of the TBTA's revenue rather than collect taxes on the Coliseum property. Within the first ten years of the Coliseum's opening, the city had collected almost $9.1 million from the TBTA. Up to the end of 1986, the Coliseum hosted 1,246 events. Conventions held at the Coliseum included the New York International Auto Show; the International Flower Show; the International Home Expo; the New York Coliseum Antiques Show; the National Photographic Show; and the Philatelic Exhibition. Until the 1970s, the Coliseum was usually hosting one show at any given time. However, the Coliseum had a limited amount of space, and exhibitions started to move to other cities with larger convention centers. A larger replacement, the
Jacob K. Javits Convention Center The Jacob K. Javits Convention Center, commonly known as the Javits Center, is a large convention center on Eleventh Avenue between 34th Street and 38th Street in Hell's Kitchen, Manhattan, New York City. It was designed by architect James I ...
, was announced in 1979.


Closure and demolition

The Javits Center effectively supplanted the Coliseum as the major exhibit space in New York City. By the time of the announcement of the Javits Center, the Coliseum had become dated and redundant. In 1984, the
Metropolitan Transportation Authority The Metropolitan Transportation Authority (MTA) is a public benefit corporation responsible for public transportation in the New York City metropolitan area of the U.S. state of New York. The MTA is the largest public transit authority in th ...
(MTA), by now the parent of the Triborough Bridge and Tunnel Authority, announced that it was placing the property for sale. The MTA and the city jointly owned the property, and all proceeds would go to improving the MTA's transit systems. In 1985, the architect
Moshe Safdie Moshe Safdie ( he, משה ספדיה; born July 14, 1938) is an architect, urban planner, educator, theorist, and author, with Israeli, Canadian, and American citizenship. He is known for incorporating principles of socially responsible des ...
revealed his plans for twin 70-story-high towers at the site. Representatives for over 100 developers and architectural firms showed interest in the redevelopment of the Coliseum. The plan received opposition from the community. Many community members expressed concerns that the proposal did not fit in with the mostly residential character of the surrounding neighborhood of Lincoln Square. They stated that the twin towers would cast long shadows over
Central Park Central Park is an urban park in New York City located between the Upper West and Upper East Sides of Manhattan. It is the fifth-largest park in the city, covering . It is the most visited urban park in the United States, with an estimated ...
, across the circle. Critics also expressed concern about the project's impact on traffic around Lincoln Square. Notable opponents included the
Municipal Art Society The Municipal Art Society of New York (MAS) is a non-profit membership organization for preservation in New York City, which aims to encourage thoughtful planning and urban design and inclusive neighborhoods across the city. The organization was ...
, which, led by former First Lady
Jacqueline Kennedy Onassis Jacqueline Lee Kennedy Onassis ( ; July 28, 1929 – May 19, 1994) was an American socialite, writer, photographer, and book editor who served as first lady of the United States from 1961 to 1963, as the wife of President John F. Kennedy. A p ...
, filed a lawsuit to try to stop the project from being approved. The Coliseum was shuttered in 1986 with the expectation that it would be demolished as soon as an agreement with developers was finalized. Fourteen proposals for the redevelopment of the Coliseum site were submitted. Ultimately, there were two finalists: a
joint venture A joint venture (JV) is a business entity created by two or more parties, generally characterized by shared ownership, shared returns and risks, and shared governance. Companies typically pursue joint ventures for one of four reasons: to acces ...
between
Boston Properties Boston Properties, Inc. is a publicly traded real estate investment trust that invests in premier workplaces in Boston, Los Angeles, New York City, San Francisco, Seattle, and Washington, D.C. As of June 30, 2022, the company owned or had int ...
and Phibro-Salomon Inc., and another between New York Land Company and Kumagai Gumi. Boston Properties' plan was selected in July 1985 and unanimously approved by the
New York City Council The New York City Council is the lawmaking body of New York City. It has 51 members from 51 council districts throughout the five boroughs. The council serves as a check against the mayor in a mayor-council government model, the performance of ...
in December 1986. In 1987, the MTA agreed to sell the Coliseum and its office building to Boston Properties for $477.5 million. Under Boston Properties' plan, the Coliseum would be demolished by 1988 and replaced by a headquarters for
Salomon Brothers Salomon Brothers, Inc., was an American multinational bulge bracket investment bank headquartered in New York. It was one of the five largest investment banking enterprises in the United States and the most profitable firm on Wall Street durin ...
, a subsidiary of Phibro-Salomon. Boston Properties would also have renovated the
New York City Subway The New York City Subway is a rapid transit system owned by the government of New York City and leased to the New York City Transit Authority, an affiliate agency of the state-run Metropolitan Transportation Authority (MTA). Opened on October ...
's 59th Street–Columbus Circle station for $40 million as part of the project. The new Salomon Brothers headquarters would have been called the "Columbus Center". The developer, Boston Properties CEO
Mortimer Zuckerman Mortimer Benjamin Zuckerman (born June 4, 1937) is a Canadian-American billionaire media proprietor, magazine editor, and investor. He is the co-founder, executive chairman and former CEO of Boston Properties, one of the largest real estate inv ...
, then entered negotiations with the MTA and the city. The MTA wanted a
down payment Down payment (also called a deposit in British English), is an initial up-front partial payment for the purchase of expensive items/services such as a car or a house. It is usually paid in cash or equivalent at the time of finalizing the transactio ...
, so Zuckerman placed a $5.7 million
letter of credit A letter of credit (LC), also known as a documentary credit or bankers commercial credit, or letter of undertaking (LoU), is a payment mechanism used in international trade to provide an economic guarantee from a creditworthy bank to an ex ...
for his portion of the sale, while Salomon Brothers paid the other $39.8 million. Due to continuing opposition from the community, Zuckerman downsized the proposal so that the towers were 58 and 68 stories high. In January 1988, Salomon Brothers withdrew from the project due to the October 1987 stock market crash. After Zuckerman threatened to sue Salomon Brothers, they reached a settlement of between $55 million and $60 million. In December 1987, a state court ruled that the proposed building violated the city's own zoning ordinances and nullified the sale. New York City and Boston Properties renegotiated the deal to call for a 52-story structure with a reduced price of $357 million for the site. Boston Properties tapped
David Childs David Magie Childs (born April 1, 1941) is an American architect and chairman emeritus of the architectural firm Skidmore, Owings & Merrill. He is the architect of the new One World Trade Center in New York City. Early life and education Chil ...
to redesign the building. In the interim, the MTA, seeking to make some use of the site once the future of the Boston Properties site became unclear, reopened the Coliseum on an interim basis in 1992 for smaller events, primarily a thrice-a-year antiques show. Some homeless individuals also squatted at the building when it was abandoned. The failure to close the sale of the New York Coliseum was having negative effects on the MTA's finances. In August 1990, the agency announced that several improvement projects worth $500 million would need to be delayed if the coliseum was not sold by the end of 1991. Zuckerman continued to negotiate with the MTA, but faced problems when Mayor
David Dinkins David Norman Dinkins (July 10, 1927 – November 23, 2020) was an American politician, lawyer, and author who served as the 106th mayor of New York City from 1990 to 1993. He was the first African American to hold the office. Before enteri ...
refused to call Zuckerman's letter of credit until just before leaving office in 1993. In early 1994, newly elected mayor
Rudy Giuliani Rudolph William Louis Giuliani (, ; born May 28, 1944) is an American politician and lawyer who served as the 107th Mayor of New York City from 1994 to 2001. He previously served as the United States Associate Attorney General from 1981 to 19 ...
requested that a third party appraise the site, which Zuckerman wanted to purchase for $100 million. While the third party determined that the New York Coliseum site was worth $57 million, MTA chairman Peter Stangl said that the site was worth $200 million. By 1994, the sale had still not been finalized, and in April of that year, Giuliani requested a third-party appraisal of the site. If the contract was not signed that month, Zuckerman would lose his $33 million down payment. As a result, the real estate developer exercised an option for a 55-day postponement in signing the deal. In May 1994, Zuckerman proposed to buy the site for $80 million, less than a quarter of the original price. The MTA refused, saying that any price less than $100 million was unacceptable. The $80 million sale price was agreed-on in June. However, when the deadline for signing the contract passed in July 1994, Zuckerman still had not signed the contract, and negotiations between him and the MTA collapsed. By this time, the plans for Columbus Center had been reduced three times. Zuckerman lost $17 million as a result of the deal's cancellation, while the MTA was able to sever its strained relationship with Zuckerman. By October 1994, the MTA was deciding whether to keep using the Coliseum or to proceed with trying to find a buyer. In the late 1990s, another attempt to sell the Coliseum was made, this time to an investment firm headed by
Israel Englander Israel “Izzy” Englander (born 1948) is an American investor, hedge fund manager, and philanthropist. In 1989, he founded his hedge fund, Millennium Management, with Ronald Shear. The fund was started with million, and as of 2019 had billio ...
, who proposed to build luxury apartments and a ballroom on the site. However, with the real estate market rebounding, a critical $50 million tax break was withdrawn by then-mayor
Rudolph Giuliani Rudolph William Louis Giuliani (, ; born May 28, 1944) is an American politician and lawyer who served as the 107th Mayor of New York City from 1994 to 2001. He previously served as the United States Associate Attorney General from 1981 to 198 ...
(who saw a tax break for a property that would not draw permanent jobs to the site as unnecessary), at which point Englander's Millennium Partners walked away from the project. By 1997, there were nine bids for the redevelopment of the Coliseum site. At this point, the entire area around Columbus Circle was being redeveloped, but six separate government agencies were handling different parts of the process. The president of the Municipal Art Society said, "This is the last time in our lifetime that such an important chunk of Manhattan is going to be up for redesign and rebuilding. ..'This one has got to be done right. It can't be just another development." In 1998, the MTA finally agreed to sell the property to a joint venture of
Time Warner Warner Media, LLC ( traded as WarnerMedia) was an American multinational mass media and entertainment conglomerate. It was headquartered at the 30 Hudson Yards complex in New York City, United States. It was originally established in 1972 by ...
and
The Related Companies The Related Companies, L.P. is an American real estate firm in New York City, with offices and developments in Boston, Chicago, Los Angeles, Las Vegas, Miami, San Francisco, Abu Dhabi, London, São Paulo and Shanghai. Related has more ...
for $345 million. Time Warner would use the land to build its world headquarters. Time Warner's proposed headquarters consisted of twin towers, but they were clad with glass and stood only 55 stories tall. The Coliseum closed for good in January 1998, and the building's plaques were removed in September 1999. A food market that had operated next to the Coliseum closed in October 1999, and the MTA began moving workers from the Coliseum to 2 Broadway the next month. Following interior demolition, the Coliseum and its attached office building were dismantled beginning in February 2000. The site was cleared by that June. During demolition of the Coliseum, two workers were injured in a partial collapse. The Time Warner/Related joint project (later the Time Warner Center, now the
Deutsche Bank Center Deutsche Bank Center (also One Columbus Circle and formerly Time Warner Center) is a mixed-use building on Columbus Circle in Manhattan, New York City. The building occupies the western side of Columbus Circle and straddles the border between ...
) stands on the site.


References


External links


NYC-Architecture.com: The New York Coliseum
{{Authority control Buildings and structures completed in 1956 Buildings and structures demolished in 2000 Demolished buildings and structures in Manhattan Event venues in Manhattan Robert Moses projects Metropolitan Transportation Authority Convention centers in New York City 1956 establishments in New York City 2000 disestablishments in New York (state)