The beginning of the 1990’s came in like a lamb for Rockefeller Center. Frank Sinatra sold out five straight shows at Radio City Music Hall, The Rainbow Room poured over 200,000 glasses of champagne and The Today Show began its fan-favorite outdoor broadcast from its street-level studio.
But by the mid-nineties, times got tougher and a new real estate slump moved Rockefeller Center into Chapter 11 bankruptcy. Luckily, less than two years later, a new group acquired the complex, leaving the 1995 bump in the road history.
Goldman Sachs, Tishman Speyer and David Rockefeller acquired controlling ownership of Rockefeller Center, making way for a future of exciting enhancements.
Discover more year-to-year details about Rockefeller Center in the 1990’s here:
1990: Frank Sinatra sells out five straight shows at Radio City Music Hall, at $50 a ticket.
1991: Associated Press reporter Terry Anderson, held hostage in Lebanon for seven years, returns to a rose-petal shower in the AP offices at 50 Rockefeller Plaza.
1993: The Rainbow Room pours more than 200,000 glasses of champagne in a single year.
1994: The Today show begins to broadcast from its street-level studio on West 49th Street.
1995: A new real estate slump leads Mitsubishi Estate Co. to move Rockefeller Center into Chapter 11 bankruptcy protection.
1996: The Center’s vacancy rate reaches all-time high of 26%.
1997: Goldman Sachs, Tishman Speyer, and David Rockefeller acquire controlling ownership of Rockefeller Center from Mitsubishi.
1999: The new owners renovate the entire underground concourse.