In 1964, the Shakespeare's 400th anniversary, the New Fortune Theatre opened in the Arts Building, then the only replica of the 1599 London Fortune Playhouse. Another notable anniversary for the festival were its 21st anniversary coinciding with the opening of the Perth Concert Hall, and in 1979 festival it celebrated the 150th anniversary of the founding of the colony in 1829. In 1987 the festival opened at the same time as the final races of the America's Cup yacht race.