Beacham Theatre
Following an effort to "bring back the aesthetics of the old Beacham Theatre," in 2000 owners restored the Beacham's ornate plaster ceiling moldings, facade, and marquee. In addition, the sloping theater floor was made level and the stage was elevated. The original Beacham Theatre sign is awaiting restoration and is being stored on the roof.
Sunbeam Theatre
The lease of the theatre, ended in February 2009. After much public debate about the possible closure of the theatre and discussions about alternative options, the lease with the operator of the Theatre was renewed for three years, while the landlord had made clear his plan to redevelop the theatre three years later. At the same time, the Government was planning to provide HK$100,000 each month, through the Arts Development Council, to subsidise the rental of the Theatre.