Monday, May 3, 2021

May 1, 1931: New York City's Empire State Building Officially Opens, The 'Empty State Building'

Just over 90 years ago.

In its first year, only 23% of the available space was sold.  The lack of tenants led New Yorkers to dismiss the building as the "Empty State Building."  Why, even King Kong had not yet climbed it.

On its first year, the Observation Deck pulled in approximately $2 million in revenue, equal to what the owners collected in rent.

Perhaps that little ol' Great Depression had something to do with it?

The building first turned a profit in the 1950s.

Where was the Donald when he was needed?

--CooterState


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