Plans to revamp the Saenger Theatre in Louisiana, US, will begin soon, following a 52-year lease approval between the New Orleans City and the Saenger Theatre Partnership of Houston.
US architecture firm Martinez + Johnson will oversee the restoration process, and Broadmoor has been selected as the project's general contractor.
The project, which will cost $45.8m to build, received $15m in federal grants and work will begin once the rest of the funding is secured.
Preliminary work, including asbestos removal and storage of historic lighting fixtures that would be reinstalled later, could begin in early November.
The plan will include resurrection of the building's underground infrastructure, orchestra-level seats, interiors and recreation of the original theatre with new windows, doors and poster boxes.
Work will be complete in 2011, according to nola.com.
The theatre was closed five years ago, after it was swamped by Hurricane Katrina.