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Originally Posted by SperamusMeliora
Yes, but this new plan specifically says “60,000+ SF of restored National Theatre space” which would lead one to believe they are actually keeping the theatre as well… not just the “retaining the façade” as when the project was called Monroe Blocks.
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I think it's a "Ship of Theseus" situation. A new theatre is being built, but they'll probably salvage elements from the old theatre and incorporate it into the new theatre. So it's "restored" technically, but it's an entirely new structure even if it's based on the original blueprints.
The thing is, with many of these old theaters, they have to be modernized anyway in order to be financially viable. So chances are pretty high the National Theatre would have been gutted anyway even in a standalone renovation.