why did studio 54 close


It still is," Schrager told "CBS This Morning: Saturday" co-host Anthony Mason. Here's why it became so famous. Male model Uva Harden tried to get gallery owner Frank Lloyd to finance the club, until Lloyd lost a $9 million lawsuit to the estate of the artist Rubell and Schrager hired Scott Bromley as architect,In December 1978, Rubell was quoted in the city's newspapers as saying that Studio 54 had made $7 million in its first year and "only the Mafia made more money". In December of 1978, dozens of agents descended on the club. This got the attention of the IRS. … "It was a marriage. "Of the two owners, Rubell, who died in 1989, often literally walked away in the morning. "People say, 'You will never be able to recreate Studio.' "While Schrager's list is perhaps a tad reductive, the notorious New York City nightclub he launched in 1977 with his business partner Steve Rubell has undoubtedly earned its place in pop history.
Studio 54: The disco playground where sex and glamour reignedAs Studio 54 co-founder Ian Schrager sees it, there have been exactly two seminal cultural events in the 71 years he's been alive: "Woodstock and Studio," he says. "Kamali was part of a group of creative types who were treated with particular reverence while letting their hair down. Studio 54 was the hottest party spot in the world, defining the disco era in all its ecstasy and excess. They're not going to be dead weight.

AP We went to jail together."

They're going to do something to make the evening great. Roy Frowick -- better known as Halston -- reigned supreme over a rotating cast of fashion industry regulars that included Calvin Klein, Diane von Furstenberg, Donna Karan, Karl Lagerfeld and Yves Saint Laurent. "Designers Karl Lagerfeld and Valentino at Studio 54. "Chic. From a musical standpoint, Studio 54 did not seek to break new ground, but rather to feed its patrons a familiar diet of dance hits. AP … We went through this terrible debacle and stayed good friends. In 1994, Allied Partners bought the building for $5.5 million. Cher & Howard Himelstein. The nightclub reopened with a live concert by disco stars In July 1998, the collapse of a construction hoist blocked access to the The second floor of the theater was used as a nightclub, called Upstairs at Studio 54, on weeks when plays were not being staged. But eventually the club was raided and its owners went to jail.

It was an embarrassment to me. 'Bianca Jagger riding through the club on a white horse in 1977, Schrager says, actually happened as people retell it. Four tons of glitter on the floor. Schrager said. "I don't have only good memories. as well as other partner offers and accept our Still, Schrager did witness some of the club's most iconic moments -- and maintains they haven't largely been exaggerated. Stream CBSN live or on demand for FREE on your TV, computer, tablet, or smartphone. "People used to say I left too early, Steve left too late," Schrager recalls. It was a cultural phenomenon," he said. The nightclub's wild parties, like this one on New Year's Eve 1979, made headlines around the world. "Studio was more than a discotheque. 2015-10-17T18:30:00Z The original Studio 54 was only open for 33 months, and in that time it became one of the most infamous and exclusive clubs. Schrager and his college buddy, Steve Rubell, were the hunters.

Berry Gordy said in the book, 'If the hunter doesn't tell the story, the lion will,'" Schrager said. Who they let in at the door was what created the magic and the freedom on the floor. The last guy I spoke to at night," Schrager said. To celebrate New Year’s Eve in the late 1970s, event planner Robert …

Invitations were elaborate: Cupid's arrows, inflatable hearts, jars of confetti.

"The waters parted when they came. The first guy I talked to in the morning.

It's a stark turn for Schrager, who spent years refusing interviews about his Studio 54 days, largely due to the shame he felt about his 1980 conviction and jail time, alongside Rubell, for tax evasion. Still, Schrager doesn't think the club's legend will ever truly fade.

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