 The cabaret was a key venue for ballroom events in Wellington.By the time of its closure in 1984, the cabaret was deemed to be an earthquake risk, and demolition began in 1987 to make way for its namesake high-rise building.Following the 2011 Canterbury earthquake, the Majestic Tower was assessed by engineering consultants to be of moderate earthquake risk, with strengthening costs initially estimated at NZD$35 million, later revised upwards to $83-$85 million.