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										 Flushing Meadows-Corona Park has seen decades
        of successes and setbacks since the Fair returned it to the City
        in 1967. This aerial photo from the early seventies shows a maturing
        park. The former Greyhound Pavilion, which occupied a plot just
        below the T-shaped Heliport, has been razed. The Heliport has
        become an exclusive banquet and catering facility called "Terrace
        on the Park." And the zoo has become a reality in the area
        formerly occupied by the Chrysler exhibit and bordering the Grand
        Central Parkway. The Fair's "Churchill Center" geodesic
        dome serves as an aviary. 
										In the mid-seventies, the City of New York
        experienced a financial crisis that nearly drove it into bankruptcy.
        The lack of money for public services had dire consequences for
        Flushing Meadows-Corona Park. Basic maintenance services were
        not performed due to lack of funds and cutbacks in city personnel
        meant a lack of security patrols for the park. As a result, time,
        neglect and vandalism took their toll -- a situation from which
        the park is still recovering. 
										No use was ever found for the Federal Pavilion.
        It was finally demolished in 1976 after vandals had nearly destroyed
        it from the inside out. Neglect caused the roof of the New York
        State Pavilion to become unsafe and it was removed in the mid-seventies.
        The pavilion today stands neglected and unused, its fate undecided. 
										The arrival of the US Tennis Association
        (USTA) at Flushing Meadows in 1977 provided a catalyst for a
        turn-around. The former Singer Bowl arena became the Louis Armstrong
        Stadium, initial site for the US Open held annually around Labor
        Day. After USTA outgrew that facility, a new stadium, the Arthur
        Ashe Stadium, was erected on the site where the Federal Pavilion
        once stood; making use of the thousands of piles that were driven
        there as supports. A casualty of the tennis area was the former
        Press Building which was torn down in the mid-nineties to provide
        an off-ramp into the USTA area from the Grand Central Parkway.
        It had been used since 1967 by the Police Department. 
										The Amphitheater was another casualty of
        time and neglect and was demolished in the mid-nineties as well.
        The building, built for the '39 Fair, saw crowds and smiling
        faces at the '64 Fair. But it had been closed for years and the
        Parks Department could find no use for the structure. So, amid
        howls of protest from preservationists, the structure was demolished. 
										Flushing
        Meadows-Corona Park Today is a
        place of beauty and activity. The park has become a premier park
        for the City of New York. The Fountains of the Continents and
        Fountains of the Fairs have been restored. Unisphere has been
        designated a Landmark and has undergone restoration as well.
        The park is alive with the voices of laughter and enjoyment.
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						Photo:
    Courtesy of Fred Stern - Do not copy without permission 
						
							
								
									 
								
								
									
										The Final Report
									
									
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											 Nearly 3000 boxes of records,
        correspondence, photographs, films, booklets and brochures were
        shipped to the New York Public Library when the 1964-1965 New
        York World's Fair Corporation was dissolved. They are stored
        in the NYPL's "Special Collections" Department. 
											The 1964/1965 New York
        World's Fair Corporation issued its final report in February,
        1972 -- nearly seven years after the close of the Fair due to
        lengthy legal battles with note holders. 
											
												
													 
											
											From the final report: 
											
											 
												
													
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															 The New York
            World's Fair 1964-1965 officially closed to the public at 2:00
            a.m. on October 18, 1965. 
															The immediate
            problems facing the Fair Corporation were demolition and restoration
            and disposition of a substantial amount of pending litigation.
            In the lease of the Fair site from the City of New York to the
            Fair Corporation, it was provided that the site where the Fair
            had been conducted, Flushing Meadow Park, was to be restored
            to its original condition as a park and, after demolition and
            restoration, returned to the City. 
															As soon as the
            Fair ended, it was apparent that the demolition and restoration
            could not be accomplished if the noteholders were paid in full.
            The noteholders had, by that time, received a prepayment in 1964
            of 25% of the principal, and interest had been paid up to date.
            The notes were to become due August 1, 1966. 
															
																- Charles F.
              Preusse, Counsel to the World's Fair Corp.
															  
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											In the end, creditors were
        paid 62.4% of their investment and the Fair's remaining assets
        of $1.5 million were transferred to the City of New York for
        "educational" purposes. 
											From the final report: 
											
												
													
														
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																 A Fair is not
            a business in the ordinary sense. The noteholders are largely
            corporate exhibitors who in the end profit by the exposition
            even if they don't recoup their entire note investment, and the
            community, visitors from all over the country and foreign nations
            gain immensely from a matchless voyage of discovery. Much remained
            permanently when the Fair closed. As to the small minority of
            acid skeptics, grouches and jaundiced-eyed grumblers, the public
            pays them no mind. Critics build nothing. 
																To sum up, fair-minded
            observers will concede that no World's Fair worth visiting can
            return all direct and indirect subventions or repay all the cash
            private noteholders who had sound business reasons for supporting
            such a venture originally put into it. Business got its investments
            back with interest in many ways. No employees, people of small
            means or building contractors and subcontractors were dragooned
            into contributing. In this instance the noteholders get back
            62.4 cents on a dollar. After World's Fair One [the 1939/1940
            New York World's Fair] they received forty percent. 
																
																	- Robert Moses,
              President of the World's Fair Corp.
																  
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											 Webmaster's Note... Many thanks to the contributors who made
        this feature possible: Gary Holmes, who ran to his Grandmother's
        house every day to retrieve the NY newspapers: Thank you for
        sharing this history on-line. Bruce Mentone who climbed up into
        his attic on a hot summer afternoon to find his demolition pictures
        to share with you. Craig Bavaro for sharing the financial audits
        of the Fair with me. No story of the Fair is complete without
        mentioning that painful topic. Fred Stern and Bill Cotter for
        loaning the wonderful aerials of the park restored. Phil Ras
        for finding RM's Closing Day remarks. Thank you all for your
        kindness. 
											I know for many of you, the Fair
        ended far too quickly. I hope this story of the restoration of
        the Park helps to document, somewhat, an important chapter of
        its history. 
											
												- Bill Young
												
- August 2, 2001
											
   
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