They fell on hard times until Misak Berberian bought it in the summer of 1962. He returned it to original name. With his son Jon in charge, they renovated the theatre. After extensive repairs, they reopened the Theatre on November 1, 1962 (the 36th anniversary of the original opening). They closed again in 2009 to make necessary “fire updates” required after the Station nightclub fire and reopened November 17, 2012.