 This was an effort to preserve its place in the community of Delaware city and in history.When OWU took ownership, they helped create the Strand Theatre and Cultural Arts Association, a 501 (c) 3 Non-profit board that currently owns the Strand.On February 12, 2009 the Strand Theater & Cultural Arts Association received an award for the renovations made to the concessions area, and the restoration of the second floor windows.