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It appears that it is up for sale again View link
For the last few years this place has operated as a music venue. However, recently a new owner has taken over the property and installed a small screen to show small indie films on. The old main theater is still used as a performance hall.
The website for it is http://www.sabalasmttabor.com/
This theater is still in operation, although it has been rmodeled a bit. It currently contains 2 small screens. The old main theater is used as a video arcade now. The website for it is http://www.wunderlandgames.com/