It was also announced that the song "Live Forever" by Grammy Awards winning trio the Band Perry will be the official song of Team USA. The band will be performing the song in Times Square later Wednesday.
The lively environment drew many onlookers.
"I am here to see David Boudia, because I like him and I think he is a very good diver," said eight-year-old Brandon from Manhattan. Boudia was one of several gold medalists from the 2012 London Olympics that were present at Wednesday's event.