Palace Theatre was located at 325 Alamo Plaza, across from the Alamo. It was opened on March 3, 1923 to much fanfare. Ransom & Silsbee, built the theatre and leased it to Louis Santikos who was the first General Manager and became the owner. He ran the theatre from 1923 until 1930 when it was bought by Hoblitzel's Interstate Theatre Circuit. Interstate ran the theatre until the 1940's. The theatre closed its doors in 1954. One of the theatre's main attraction was a tunnel that ran from Alamo Plaza to the street behind the theatre. You can see the tunnel in the slide show to the right.