We have a similar (though much smaller) theater in my small town. It was built in 1929, and was in disuse and disrepair until fairly recently.

It’s been renovated now, and feels pretty true to its roots. I’ve attended a few plays and such there, and it really feels like stepping back to the 1950s or so:

https://en.wikipedia.org/wiki/Lyric_Theatre_(Harrison,_Arkan...