The Million Dollar Theatre is part of the Grand Central Square project which encompasses the theater, the historic Grand Central Market, the Grand Central Square Apartments above the theater and the market, and a large modern parking structure. The Million Dollar Theatre has been making history since it was opened by Sid Grauman in 1918 as L.A.’s first grand movie palace. The auditorium architect was William L. Woollett, and the designer of the twelve-story tower was Los Angeles architect Albert C. Martin, Sr.
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