In 1920, the Shuberts announced plans to convert the Central Park Riding Academy into a theater,[3] hiring Krapp to renovate the old structure.[2] The Shuberts went bankrupt in 1931 and sold off Jolson's 59th Street Theatre, in part because of the venue's remoteness from Times Square.[2] The venue was then leased as a film house called the Central Park Theatre.[4] It was then renamed five more times before assuming the "New Century" name in 1944. The theater was converted to an NBC broadcast studio in 1953, then to a videotape studio in 1958.[2] Upon the theater's demolition in 1962, the apartment building at 200 Central Park South was erected on the site.[5]
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