422 Franklin Street,
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The Palace Theatre a former vaudeville and then movie theatre opened in 1916. The oddly shaped theatre runs through the city block between Front Street and Franklin Street. The theatre entrance faces Franklin Street, In its early life the thetre building also housed some offices and two aapartments. The Palace was built by the Hellenthal brothers on the site of an old saloon and dance hall.
When it opened in 1916 it was called the Specketts Palace theatre and seated 650. In 1961 the Cudd family bought the theatre and bank next to the theatre. The theatre was renamed the Capitol Theatre and the bank went on to become one of the largest banks in Alaska with 43 branches throughout the state.
In 1998 the Juneau-Douglas Little Theatre took over the theatre and returned the name to the Palace. They held their performances until the theatre closed on March 21, 2001. The theatre was showing its age and it was too costly to renovate.
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