Right around New Year's Eve, I heard a piece on NPR about the 'ball' in Times Square. Apparently as of this year, it has now been modernized with LED lights and is going to be up year-round. It will be illuminated to fit the various occasions (red for Valentine's Day, green for St. Patrick's Day, etc). There were many featured in the story who expressed their disappointment, since it would take away from the 'special-ness' at New Year's Eve. I tend to agree, but apparently it will save them a lot of money- which I suppose everyone is trying to do these days.
I found these vintage images on one of my favorite Nashvillian's blog, Melodie Adams.