 The lease of the site and building, which was nearing its end, was not renewed with the then lessee, who controversially removed a number of items, notably the Spanish style lobby chandelier.After various court cases, it was determined that their ownership by the former lessee was valid, and they remain in storage as of 2017.Between 2007 and 2016 the venue was managed by Palais Theatre Management Pty Ltd, a body set up by the local City of Port Phillip.