• Short Summary

    THE NEW YORK WORLD'S FAIR, A MASSIVE FINANCIAL FLOP, IS BEING PULLED DOWN. AS WRECKING?

  • Description

    THE NEW YORK WORLD'S FAIR, A MASSIVE FINANCIAL FLOP, IS BEING PULLED DOWN. AS WRECKING BALLS SMASHED DOWN THE PAVILIONS ON THE 646 ACRE SITE AT FLUSHING MEADOW, NEW YORK CITY ACCOUNTANTS SAID THE FAIR HAD PROBABLY LOST MORE THAN 40 MILLION DOLLARS IN ITS TWO YEAR RUN.

    THE FAIR ORGANISERS WERE UNABLE TO PAY BACK THE 24 MILLION DOLLARS THAT THE NEW YORK CITY LENT THEM AND THEY WERE DOUBTFUL THAT THEY COULD REPAY OTHER DEBTS OF 22 MILLION DOLLARS.

    THE TOTAL OF 51 MILLION VISITORS OVER THE TWO YEARS WAS FAR BELOW EXPECTATIONS. BEFORE IT OPENED EARLY LAST YEARS, THE ORGANISERS HAD PREDICTED A PROFIT OF 49 MILLION DOLLARS. THIS WAS BASED ON ADVANCE TICKET SALES OF 56 MILLION DOLLARS. BUT COSTS SOARED WAY OVER ESTIMATES AND THE PEOPLE JUST DID NOT TURN UP IN THE EXPECTED NUMBERS. NOT ALL THE BUILDINGS WILL BE DEMOLISHED. FOR INSTANCE, THE HALL OF SCIENCE AND ITS ADJOINING "SPACE PARK" WILL BECOME AN EDUCATIONAL SHOWPLACE, THE "SINGER BOWL" AN OPEN-AIR CONCERT HALL AND THE WHOLE AREA WILL BE TURNED INTO A GREAT OPEN PARK.

  • Tags

  • Data

    Film ID:
    VLVA2C0SQ9B9DPSGW3YQJ33ZSAUI0
    Media URN:
    VLVA2C0SQ9B9DPSGW3YQJ33ZSAUI0
    Group:
    Reuters - Incuding Visnews
    Archive:
    Reuters
    Issue Date:
    24/12/1965
    Sound:
    Unknown
    HD Format:
    Available on request
    Stock:
    Black & White
    Duration:
    00:01:15:00
    Time in/Out:
    /
    Canister:
    N/A

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