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When the stock market crashed in 1929, John D. Rockefeller, Jr. held a $91 million, 24-year lease on a piece of midtown Manhattan property properly known as "the speakeasy belt." Plans to gentrify the neighborhood by building a new Metropolitan Opera House on the site were dashed by the failing economy and the business outlook was dim. Nevertheless, Rockefeller decided to build an entire complex of buildings on the property — buildings so superior that they would attract commercial tenants even in a depressed city flooded with vacant rental space. Part of this project included the construction of Radio City Music Hall which eventually opened on December 27, 1932.