You are correct but however, it does make any sort of destruction of registered building a bit harder and prevent it from being destroy under the carpet like the current owners tried to do. And it also bring up attention to the building, making it harder for any one to okay its destruction. Rarely has any building on the historic register list, taken down by underhanded means or without any sort of public notice. So it worth a shot to save this theater to make it into that status.