Photograph by George Steinmetz @geosteinmetz The Chrysler Building owes its existence to Walter Chrysler, who backed William Van Alen’s dazzling design with his own cash after the original developer got cold feet. An industry study in 1929, just before the stock market crash, argued that construction costs rendered Midtown buildings above sixty-three stories unprofitable ventures, and the top seven floors of the Chrysler Building are barely rentable thanks to that gorgeous crown. Chrysler was paying for immortality, but he made Van Alen sue for his fee. #notadrone To see more aerial photos of NYC visit @newyorkairbook
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