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Originally on this site stood Oscar Hammerstein’s Victoria Theatre, which was demolished and a new movie theatre was erected, designed by Thomas Lamb and opened in 1916 as the Rialto Theatre.
The first Rialto Theatre was torn down and this second Rialto Theatre was built in 1935. The new Rialto Theatre was one of the new Art Deco style movie houses built in New York City.
The theater was also outfitted with a TV studio that was used by everyone from Gerald Rivera to Montel Williams.
The theater’s fortunes were often in sync with the vitality of Times Square for better or for worse. By the 1970’s, the Rialto Theatre became an adult house and then clung to life for the next two decades.
Finally and sadly, the theater was razed in 1998 to make way for the 30-story Reuters building.
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