Downstairs, Earl Carroll’s Vanities of 1930 was played at the main auditorium. A revival of The Admirable Crichton and the original revue The Band Wagon followed in 1931, as did Face the Music in 1932. Klaw and Erlanger continued to operate the New Amsterdam Theatre jointly until 1927, when Erlanger bought out Klaw’s interest. Erlanger then announced plans to renovate the New Amsterdam Theatre for $500,000. The same year, Ziegfeld developed his own theater, the Ziegfeld Theatre on Sixth Avenue.

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The theater was technically owned by the New York City Industrial Development Corporation, which issued $5 million in bonds to finance the acquisition. The Nederlanders were responsible for developing the theater, paying off the bonds, and making $250,000 in annual payments in lieu of taxes. The company planned to redevelop the main auditorium into a 1,700-seat theater and reopen the 700-seat roof theater by 1983. If the rest of the 42nd Street Development Project was unsuccessful, the Nederlanders could switch the theater’s main entrance to 41st Street.

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Delay in payment method processing or manual review requirements. In September 1993, the media reported that Disney was seriously considering renovating the New Amsterdam Theatre. Disney had planned to show Beauty and the Beast there, but delays forced the production to open at the Palace Theatre instead. Disney real estate negotiator Frank S. Ioppolo Sr. obtained several guarantees after threatening to withdraw from the project. This included protection against lawsuits over the proposed renovation; expensive, high-quality items; and government subsidies from the state and city.

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Erlanger was in significant debt when he died in 1930, and the Dry Dock Savings Bank took over his estate. In the 1930s, during the beginning of the Great Depression, many Broadway theaters were impacted by declining attendance. The main auditorium only saw a small decrease in quality and quantity of productions, but the Frolics Theatre had a steep decline in premieres. NBC took over the roof theater in February 1930 and converted it into a broadcast studio, the NBC Times Square Studio, which opened the next month.

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