January 5, 1966

  • In a letter to Steinway & Sons’ Board of Directors, dated with this day, Henry Z. Steinway states that “the time has come to build more factory space, to assemble more grands”. He reminds the directors that the recently added factory buildings had been designed to allow more floors.
  • Frank Walsh, entrusted with the task of expanding the factory, estimates that adding two floors to the new factory buildings would cost $450,000, provide 60,000 more square feet of manufacturing space and allow the 20% increase of piano production. (In reality, the cost of factory expansion will exceed $1,000,000.)