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 Hammerstein's two daughters. They would also sue Hammerstein's third wife, Emma Swift Hammerstein, over money and ownership of the building. Emma Hammerstein would go to court claiming ownership through Hammerstein Opera Company stock, but the stocks were found to be null and void by the judge. The Manhattan Opera House on 34th Street in New York City was renamed the "Hammerstein Ballroom" at the Manhattan Center Studios in his honor. Hammerstein had four sons, Abe, Harold, Arthur,Willie and two daughters: Stella and Rose. Arthur continued the family business as an opera and Broadway producer, director, theater owner, and songwriter. Willie