Standing on the site of the old Republic Theatre, the Belasco was owned by impresario David Belasco. It was the headquarters of Group Theatre from 1935 - 1941.
From 1949 - 1953, the theatre was used for broadcasting. However it returned to use as a theatre and has been in legit use ever since.
Said to be haunted by the ghost of David Belasco, who built the theatre. Sounds of raucous parties have been heard in Belasco's abandoned apartment. Footsteps have been heard. He's been seen watching rehearsals from the balcony. He's even walked up to actors, shook their hand and congratulated them on a good performance.