Studio 54 is a former nightclub and currently a Broadway theatre, located at 254 West 54th Street, between Eighth Avenue and Broadway in Manhattan, New York City. The building, originally built as the Gallo Opera House, opened in 1927, after which it changed names several times, eventually becoming CBS radio and television Studio 52. 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, in the process creating 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 the conviction of Rubell and Schrager on charges of tax evasion. In 1984, Fleischman sold the club, which continued to operate until 1991. Since November 1998, it has served as a venue for productions of the Roundabout Theatre Company and retains the name Studio 54. A separate restaurant and nightclub, Feinstein's/54 Below, operates in the basement of the building.
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