In the late 1970s, at the peak of the disco dancing and music trend, the building was renamed after its location and became a world-famous nightclub and discotheque. The nightclub founders spent hundreds of thousands of dollars on professional lighting design and kept many of the former TV and theatrical sets, and in the process created a unique dance club that became famous for its celebrity guest lists, restrictive (and subjective) entry policies (based on one’s appearance and style), and open club drug use. Founded and created by Steve Rubell and Ian Schrager in 1977, it was sold in 1980 to Mark Fleischman, who reopened the club after it had been shut down following Rubell and Schrager’s convictions on charges of tax evasion. In 1984, Fleischman sold the club, which continued to operate until 1986.
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