Garden city movement Garden City, Ltd. in 1899 to create the garden city of Letchworth. However, these donors would collect interest on their investment if the garden city generated profits through rents or, as Fishman calls the process, ‘philanthropic land speculation’. Howard tried to include working class cooperative organisations, which included over two million members, but could not win their financial support. Because he had to rely only on the wealthy investors of First Garden City, Howard had to make concessions to his plan, such as eliminating the cooperative ownership scheme with no landlords, short-term rent increases, and hiring architects who did not
Garden City Hotel at the home of his friend on 105 Third Street. The original Garden City Hotel first started construction in the fall of 1873 and was opened to great fanfare on July 30, 1874. It was built by millionaire Alexander Turney Stewart and cost $150,000 to build. The original hotel was later redesigned and expanded. A new Garden City Hotel was opened in 1895, designed by architects McKim, Mead and White. A nine-hole golf course was opened for guests in May 1897, which later became the Garden City Golf Club. Four years after the opening of the new hotel, it burned