Complex sentence: The name came from the location of the event, with the Hammerstein Ballroom being located on 34th Street in New York City, it is also a play on words of the film Miracle on 34th Street.
Split into simpler sentences: The name came from the location of the event, with the Hammerstein Ballroom being located on 34th Street in New York City. It is also a play on words of the film Miracle on 34th Street.