The Pantheon Theatre in Vincennes, Indiana opened on May 15, 1921. John Bayard, a local architect designed the theater for owners Louis A. Wilkerson and A.M. Lyons. It cost $225,000 to build, or roughly $3.2 million when adjusted for inflation. The 1,500 seat theater had a Typhoon air cooling and ventilating system, a precursor to air conditioning, which was powered by three very large fans in the ceiling. The opening of the theater was originally supposed to take place on March 15, 1921, but it was delayed two months due to some plaster falling from the underside of the balcony.
In 1923, Wilkerson-Lyons Enterprises sold the Pantheon Theatre to the Consolidated Realty and Theatres Company (CRTC), which owned and operated theaters in several cities in Indiana, for $225,000. However, CRTC could not afford to pay, and it reverted back to the original owners two months after it was sold. Red Skelton, an American entertainer and Vincennes native who performed at the Pantheon in his youth later unsuccessfully tried to purchase the theater. The Marx Brothers, Spike Jones and Duke Ellington, Will Rogers, Roy Rogers, Hank Williams and Gene Autry also performed at the theater.
In 1961, the Pantheon closed and was converted to retail space. The orchestra level was leveled with concrete and a suspended ceiling was added to close off the balcony. A Sears department store was the first to move into the newly created space. In 2006, the building was purchased by Travis Tarrants, who planned on reopening the theater as a performing arts center. Tarrants formed a non-profit organization, the Pantheon Theatre Company (PTC), and began work on the theater. The suspended ceiling was removed, and the auditorium floor was de-leveled. However, PTC relied on donations to fund the restoration of the Pantheon, and those dried up due to the recession of 2008. PTC was unable to pay the thousands of dollars in back taxes owed, and the theater was sold at a tax auction in October 2012.
The Vincennes Business and Arts Initiative (INVin), purchased the theater in December 2014. INVin made repairs to the theater, including replacing the roof, to minimize damage to the theater during the winter. In March 2016, they announced plans for the theater to become a shared work space, which would allow business owners and entrepreneurs a place to network and share resources. Steve Miller, INVin’s founder, envisions the space including training and conference facilities.