<P> In January 1930, Rockefeller tasked Raymond Fosdick, the Rockefeller Foundation's future head, with scheduling a meeting with Young . The RCA founder was enthusiastic about the project, expressing his vision for a complex that, according to Daniel Okrent, contained "an opera house, a concert hall, a Shakespeare theater--and both broadcast studios and office space for RCA and its affiliated companies". RCA president David Sarnoff would join the negotiations in early 1930 . Sarnoff immediately recognized Radio City's potential to impact the fledgling television and radio industries . By May, RCA and its affiliates had made an agreement with Rockefeller Center managers . RCA would lease 1 million square feet (0.093 × 10 ^ m) of studio space; get naming rights to the development's largest tower; and develop four theaters, at a cost of $4.25 million per year (equivalent to $49.6 million in 2016). NBC was assured exclusive broadcasting rights at Rockefeller Center as part of the deal . </P> <P> In January, Todd released a new plan called G - 3 . Like the previous Metropolitan Opera proposal, this plan subdivided the complex into eight blocks with a plaza in the middle of the center block . It was similar to his October 1929 plan for the Met, with one major change: the opera house was replaced with a 50 - story building . The 50 - story tower was included because its larger floor area would provide large profits, and its central location was chosen because Todd believed that the center of the complex was too valuable to waste on low - rise buildings . Plans for a new Metropolitan Opera building on the site were still being devised, including one proposal to place an office building over the opera facility . However, this was seen as increasingly unlikely due to the Met's reluctance to move to the complex . A proposal to create roads that crossed the complex diagonally was briefly considered, but it was dropped because it involved decommissioning city streets, which could only be done after lengthy discussions with city officials . Plan G - 3 was presented to the Metropolitan Square Corporation's managers in February . At the time, Todd thought that G - 3 was the most viable proposal for the complex . </P> <P> Another plan called H - 1 was revealed in March 1930, after the Underel Corporation had acquired the land near Sixth Avenue . The leases for the newly acquired land contained specific stipulations on how it was to be used . Under this new proposal, there would be facilities for "television, music, radio, talking pictures and plays". RCA planned to build theaters on the north and south blocks near Sixth Avenue, with office buildings above the theaters' Sixth Avenue sides . The theater entrances would be built to the west along Sixth Avenue, and the auditoriums would be located to the east, since the city's building code prohibited the erection of structures over the auditoriums of theaters . The delivery lane was eliminated in this plan, as it was perceived as unnecessary: the theaters would only see occasional deliveries . The complex would also contain three tall buildings in the center of each block, including a 60 - story building in the center block for RCA (the current 30 Rockefeller Plaza). Todd suggested that this large tower be placed on Sixth Avenue because the Sixth Avenue Elevated would reduce the value of any other properties at the west end of the complex . On Fifth Avenue there would be a short oval - shaped retail building, whose top floors would be occupied by Chase National Bank offices . There would be a plaza between the oval building and RCA's building, and a restaurant atop the former . A transcontinental bus terminal would be built underground to entice tenants who might otherwise rent near Penn Station or Grand Central . </P> <P> Plan H - 1 was approved in June 1930 . In the middle of the month, The New York Times announced the plans for the "Radio City" project between 48th Street, 51st Street, Fifth Avenue, and Sixth Avenue . Additional details were released: for example, the $200 million cost projection for the three skyscrapers (equivalent to $2.34 billion in 2016). To provide space for the plaza, 49th and 50th streets would be covered over, and there would be parking structures both above - and underground, while the streets surrounding the project would be widened to accommodate the heavy traffic . Four theaters would also be built: two small theaters for television, comedy, and drama; a larger one for movies; and another theater, larger still, for vaudeville . Under the plan, the demolition of the site's existing structures would start later in the year, and the complex would be complete by 1933 . This plan had not been disclosed to the general public prior to the announcement, and even John Rockefeller Jr. was surprised by the $350 million cost estimate (equivalent to $4.09 billion in 2016), since a private project of this size was unprecedented . </P>

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