sentences:  From its celebrity-studded opening in May 1985, through the end of the 80s, it was one of the major features on a vibrant New York club scene.The club was a mainstay on the New York club scene until it was bought out in 1997 by New York University (NYU) and demolished for a campus housing project.Junior Vasquez's Arena party, held Saturday nights and Sunday mornings at Palladium between September 1996 and September 1997, was one of the most popular parties in the New York club scene at the time.