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The theaters of Broadway and the huge number of animated neon and LED signs have long made them one of New York's iconic images, and a symbol of the intensely urban aspects of Manhattan. Times Square is the only neighborhood with zoning ordinances requiring building owners to display illuminated signs.[9] The density of illuminated signs in Times Square now rivals that of Las Vegas. Officially, signs in Times Square are called "spectaculars", and the largest of them are called "jumbotrons."

Notable signage includes the Toshiba billboard directly under the NYE ball drop and the curved seven-story NASDAQ sign at the NASDAQ MarketSite at 4 Times Square on 43rd Street and the curved Coca-Cola sign located underneath another large LED display owned and operated by Samsung. Both the Coca-Cola sign and Samsung LED displays were built by LED display manufacturer Daktronics. Times Square's first environmentally friendly billboard powered by wind and solar energy was first lit on December 4, 2008.

In 1992, the Times Square Alliance (formerly the Times Square Business Improvement District, or "BID" for short), a coalition of city government and local businesses dedicated to improving the quality of commerce and cleanliness in the district, started operations in the area.Times Square now boasts attractions such as ABC's Times Square Studios, where Good Morning America is broadcast live, an elaborate Toys "Я" Us store, and competing Hershey's and M&M's stores across the street from each other, as well as restaurants such as Ruby Foo's (Chinese food), the Bubba Gump Shrimp Company (seafood), Planet Hollywood Restaurant and Bar (theme restaurant) and Carmine's (Italian) along with a number of multiplex movie theaters. It has also attracted a number of large financial, publishing, and media firms to set up headquarters in the area. A larger presence of police has improved the safety of the area.

In 2002, New York City's mayor, Rudy Giuliani, gave the oath of office to the city's next mayor, Michael Bloomberg, at Times Square after midnight on January 1 as part of the 2001–2002 New Year's celebration. Approximately 500,000 revelers attended. Security was high following the September 11, 2001, terrorist attacks, with more than 7,000 New York City police on duty in the Square, twice the number for an ordinary year.

From August 14, 2003 to August 15, 2003, the lights of Times Square went dark as a result of the 2003 Northeast blackout, which paralyzed most of the region and parts of Canada for over 24 hours. Power was finally restored to the area on the evening of Friday, August 15.

On the morning of March 6, 2008 a small bomb caused minor damage but no reported injuries.[13]
On February 26, 2009, Mayor Michael Bloomberg announced that traffic lanes along Broadway from 42nd Street to 47th Street would be de-mapped starting Memorial Day 2009 and transformed into pedestrian plazas until at least the end of the year as a trial. The same was done from 33rd to 35th Street. The goal is to ease traffic congestion throughout the Midtown grid. The results will be closely monitored to determine if the project works and should be extended. Bloomberg also stated "he believes the street shutdown will make New York more livable by reducing pollution, cutting down on pedestrian accidents and helping traffic flow more smoothly.

The original seats put out for pedestrians were inexpensive multicolored plastic lawn chairs, a source of amusement to many New Yorkers. They lasted from the onset of the plaza transformation until August 14, 2009, when they were ceremoniously bundled together in an installation christened "Now You See It, Now You Don't" by the artist Jason Peters. They were shortly replaced by sturdier metal furniture, and on February 11, 2010, Mayor Michael Bloomberg announced that the pedestrian plazas would remain permanent.

Taken on: April 26, 2010

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