To commemorate the 400th anniversary of Christopher Columbus's
voyage to America, editor Carlo Barsotti raised money from Italian-Americans
through his paper Il Progresso to pay for a memorial.
The thirteen-foot high statue was sculpted by Italian Gaetano Russo and
placed on a twenty-six foot high granite column in the center of a traffic
circle at the intersection of 59th Street and Eighth Avenue / Central Park
West. 10,000 gathered on Columbus Day, 1892 for the dedication. (Rosenzweig, pp 329)
Plans to develop the area as a public space were never realized largely
because of the volume of traffic on the surrounding streets. In 1999 the
bland 50's era New York Coliseum was demolished and the traffic pattern was
rerouted as a legitimate traffic circle. The area around the fountain was made
into a pleasant but rather noisy public area.
With the completion of the new headquarters for Time Warner on the
west side of Columbus Circle in the Spring of 2004, the circle was again
rebuilt, providing a once-in-a-generation opportunity to see the foundation
for the monument, resting over the IRT subway line.
The 2004-2005 reconstruction also involved creating a much more
attractive and substantial fountain and seating area, and led
to a later renovation of the station.