Built in 1900 by Oscar Hammerstein I, the Republic was taken over in 1902 by David Belasco. The theater reverted to its original name around 1910 and continued as a legitimate house until 1932 when it became home to Billy Minsky's burlesque shows. After Mayor Fiorello LaGuardia banned burlesque in 1942, the Republic was converted into a movie theater, the Victory, and fell into decline. In 1995 the beautifully restored New Victory opened again as a theater.