In turn-of-the-century New York, Terrence, an ambitious politician, is eager to build an enormous sports arena on McTaggart Street. Terrence enlists the help of his friend Colton in acquiring property in the neighborhood, including the land under the music hall that Colton leases from widow Claire Adamson. The men expect that it will be easy to persuade the widow to sell her land cheap, but Claire turns out to be a beautiful young woman with good business sense. Claire takes over the management of the music hall and replaces Lulu, the featured entertainer, as the star of the musical revue. Soon, Terrence, who had been courting Ruth Kroner, daughter of the local music teacher, finds himself attracted to Ruth. She refuses to sell her property, however, because the proposed sports arena would force many of the poor families in the neighborhood out of their homes. Colton refuses to abandon the project, and attempts to double-cross Terrence in pursuit of the option on the important piece of property. The two men decide to settle the matter with a fistfight, which Terrence wins. Because of his love for Claire, Terrence tears up the option, and the charming street remains as it was.