During the first twenty years the theater existed, it was turned over to different people many times. It was sold at auction twice during that time, as well. A stock company was organized in 1838, and the theater was integrated into the company that December. After its integration into this stock company, the theater's reputation grew, and this caused more popular actors and singers to visit and perform at the theater.
Over the theater’s two-century life-span, it has had to be repaired many times to keep up with the changing times, and as a result of fires that have been a part of Savannah’s history. One owner, Tomlinson F. Johnson, updated the theater extensively in 1882, and according to him, the theater had to be renovated and updated every ten years. The theater had a box office installed in 1895 because William Jay’s original design didn’t include one. In 1906, the interior of the theater was burned, but the walls and exterior remained and it was rebuilt. Another fire occurred in 1948. After that, the theater was remodeled in the Art Deco style which it currently shows.
October 21, 1950, the theater reopened as a movie theater; the first movie shown was Mister Eighty-Eight, starring Burt Lancaster and Dorothy McGuire. The theater was updated again in 2002, and turned back into a live theater, instead of a movie theater. There is now an advanced sound system and lighting system. Since this update, the theater hosts specific genre performances. The lobby of the theater displays artifacts, photos, and newspaper clippings from the theaters extensive past.