Willie Hammerstein big draw. Oscar Hammerstein went bankrupt in 1898. The Olympia theater was sold in an auction. Hammerstein managed to raise enough money to build the Victoria Theatre, which opened as a legitimate theater on 3 March 1899. On 26 June 1899 he opened a partially enclosed roof garden theater, the Venetian Terrace Garden, with an outdoor promenade that was attached to the roof garden of Hammerstein's Theatre Republic in 1900. Hammerstein enlarged the roof garden theater and reopened it in May 1901 as the Paradise Roof Garden. In February 1904 Willie Hammerstein took over management of his father's Victoria Theatre.
Oscar Hammerstein I machine's worth to around $200,000. Another invention that Hammerstein created was a more efficient plumbing system for his sink when it had leaked one night. He also moonlighted as a theater manager in the downtown German theaters. He became wealthy industrializing cigar manufacturing, and his tobacco fortune provided the money he used to pursue his theater interests. Hammerstein built his first theater, the Harlem Opera House, on 125th Street in 1889, along with 50 housing developments. His second theater, the Columbus Theatre, was built in 1890 on the same street, featuring light theatrical productions. His third theater was the first