original_query: When was the Balboa Pavilion established and what is its significance?
query: When was the Balboa Pavilion established and what is its significance?
answer: The Balboa Pavilion was established on July 1, 1906. Its significance lies in its role in attracting real estate buyers to the area, making it one of California's last surviving waterfront recreational pavilions from the turn of the century and Newport Beach's most famous landmark.