The building has sadly sat empty for many years and now there is an effort to research its rejuvenation. Once the centre of Cranbrook's arts and culture activities, the popular Armond Theatre—complete with a spacious balcony—was split into two smaller theatres by its previous owners before being abruptly closed several years ago. At one point there was talk of transforming the vacant building into a nightclub but the effort ran into zoning problems and never got off the ground.

The memo from the Cranbrook Downtown Business Association states,

"Are there any interested parties who would like to be part of ‘The Committee to Restore the Armond Theatre’?  Initial research is underway. In order to proceed and take the project further, the committee is looking for committed individuals with a passion for the downtown and a willingness to participate in the work that will need to be done. Interested individuals can phone Jenny Humphrey for more information as to what has been accomplished so far: 250-426-8739."