The Chrysler Building is a classic example of Art Deco architecture and New York City. In 2007, it was ranked ninth on the List of America's Favorite considered by many contemporary architects to be one of the finest buildings in Architecture by the American Institute of Architects. It was the headquarters of the Chrysler Corporation from 1930 until the mid-1950s. Although the building was built and designed specifically for the car manufacturer, the corporation did not pay for its construction and never owned it, as Walter P. Chrysler decided to pay for it himself, so that his children could inherit it.
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