Times Square is a major commercial intersection, tourist destination, entertainment hub, and neighbourhood in Midtown Manhattan, New York City. It is the junction of Broadway, Seventh Avenue, and 42nd Street. It is brightly lit all the time by billboards and advertisements as well as businesses that are open 24 hours a day. The Broadway Theatre District is also located here. It draws about 50 million tourists a year.
It was once known as Longacre Square, but was renamed in 1904 when the New York Times moved its headquarters to the newly erected Times Building, now One Times Square. This is the site of the famous New Year's Eve ball drop which attracts a million people a year.
Between the 1960s and early 1990s, Times Square was not a great place to be. High crime as well as go-go bars, sex shops, peep shows, and adult theatres were infamous symbols of the city's decline.
Today it is estimated that 22 cents for every tourist dollar spent is spent in Times Square.

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