Which New York City venue is famous for hosting the annual New Year's Eve ball drop?

One Times Square is the New York City venue famous for hosting the annual New Year's Eve ball drop.

The building stands at the southern end of Times Square in Manhattan. It was constructed for the New York Times, whose move there helped give the surrounding area its enduring name. The newspaper's first New Year's Eve celebration at the site used fireworks, but a lighted ball later became the safer and more practical centerpiece.

The first ball descended from the flagpole atop the building on December 31, 1907. Since then, One Times Square has remained the visual anchor of the countdown even as the surrounding square, advertising displays, security arrangements, and broadcast production have changed.

The building is often confused with Times Square as a whole. Times Square is the larger public district and plaza area; One Times Square is the particular tower associated with the ball. The event itself is organized for the public space around the building and watched by television audiences worldwide.