New Chinatown, 943-951 N. Broadway, City of Los Angeles, resulted from the destruction of the last buildings in Los Angeles Old Chinatown in 1936. Several members of the community decided to establish a business area in which they would own the land upon which they lived and worked. The idea took the form of the New Chinatown Corporation. Purchasing land from the Santa Fe Railroad, the corporation constructed an open and airy retail complex about one-half mile from Los Angeles Old Chinatown, New Chinatown was designed to attract the tourist trade. A gala opening held on June 25, 1938, helped the venture be an immediate success. An extension was added in the 1950's. Several street names within the development reflect important aspects of China (photo today).