The building One Times Square was built in 1904 as the headquarters for the New York Times. It’s been home to the New Year’s Eve Ball Drop Celebration since 1907, when the first New Year’s Eve ball was made of iron and wood, one hundred 25-watt bulbs and weighed 700 pounds. Today’s ball is 12 feet in diameter and weighs almost six tons with 2,688 Waterford Crystal triangles bolted to 672 LED modules attached to the aluminum frame.