The building was closed in 1968 and ultimately purchased by the City of Oakland but laid dormant until 2007 when renovation started to bring the theater back to life.

An $87 million effort required new structural improvements and all new mechanical, electrical and plumbing systems to replace the failed infrastructure. At the same time, new systems were infused into the building for fire protection, communications and conveniences to today’s audiences that expect more comforts than the 1920s offered. All interior finishes were restored including lighting, faux painting, carpets, drapes and glass work.

The office building appendage that surrounds the theater was renovated and reconstructed to house the Oakland School for the Arts, a charter school for the performing arts. First floor spaces that open up on to the streets are homes to new restaurants and bars that add to the nightlife generated by the Fox.