According to a recent Associated Press article, New York City's Rainbow Room will close the doors to its Italian-themed Rainbow Grill Jan. 12, due to economic strain and an ongoing lease dispute. The bar and banquet space (as well as the famed dinner-and-dancing nights) will continue operation on the 65th floor of Rockefeller Plaza, but the company will be cutting around 25 percent of its employees. The Rainbow Room "symbolized cosmopolitan elegance" when it opened in during the Great Depression in 1934.