It's interesting to note the changes:
The hotel has long since been built (I think that was the Westin NY at Times Square).
The New Amsterdam theater has long since been renovated (The Lion King debuted there in '98).
The "adult oriented" businesses were driven out of Times Square (that had already begun in '96, but was pretty much complete by '98 - '99).
The large Disney stored opened, closed, a smaller version right next to the New Amsterdam opened....and it, too, closed.