posted by Savanah on Apr 19
The site where the Empire State building now stands was formerly one of the New York hotel suites, the Waldorf Astoria. Investors purchased it for twenty million dollars. The total cost for the construction of the Empire State was close to 41 million dollars. Construction began during the first years of the Great Depression and was finished just over one year later. And while this served to bring the cost of materials down, the effects of the depression caused the building to sit empty. At that time, there was trouble for the investors for two reasons. It was not located in an area of the city wherein many office space where at the time, and it was such a large building with so many available offices, and business was at a stand still as the full weight of the depression had settled in. And although the lights were turned on by the president of the U.S., Herbert Hoover, in 1931, signifying the official completion and grand opening, it remained empty for close to fifteen years. In 1954 the original investors sold it to an investment firm from Chicago.
It is now known around the world, not only for the innovation necessary to create and to build it, as it was it remained the tallest skyscraper for forty years, but it is the symbol of New York City. It is the most distinctive in the skyline, and is one of the most visited tourist sites in Manhattan. And it has also become a monument, a symbol of the strength and tenacity of New Yorkers during the times of the Depression, and on in to today. Over the years, many foreign delegates and leaders, princes and queens have been welcomed to the United States and to New York. What began as a competition between two business, in the race to build the tallest building in the world, resulted in two of the most marvelous architectural accomplishments, the Chrysler building, and the beloved Empire State building. These two buildings have been favorites among the world of designers and architects, and for the many who visit them each year.
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