The nonprofit THIRD Street—a group of local arts entities that launched a fundraiser earlier this year for a theatrical incubator Downtown—has signed a lease for the 41,500-square-foot former Downtown Cinemas. The underperforming multiplex will be revitalized over the next three years into a “bustling creative campus providing a cultural and economic catalyst for Downtown,” THIRD Street officials said in a statement.
The space will house arts organizations including Vegas Theatre Company, Vegas City Opera, Las Vegas Sinfonietta and Laugh After Dark. It will include a 250-seat theater, a 150-seat black box sound stage, multiple screening rooms, rehearsal studios and a media and broadcast studio.
Having raised more than $450,000 in the first phase, THIRD Street’s fundraiser aims to raise $5 million to complete construction, expand programming and launch its inaugural season. According to THIRD Street, education and workforce programs will include dual-enrollment courses with the College of Southern Nevada.
“By developing local talent, THIRD Street addresses one of Nevada’s most urgent needs: a trained, industry-ready creative workforce spanning film, theater, music, digital media and live entertainment,” the statement said.
The nonprofit aims to open parts of its building and begin dual-enrollment classes in 2026, with an official venue launch expected in 2027. –Shannon Miller
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