Due to low enrollment and financial reasons, Greenbrier College closed its doors in May 1972. After the closure, Carnegie Hall became part of the Greenbrier Center, a facility for individuals with special needs. Rumors in the Lewisburg community swirled in the early 1980s that the building was going to be condemned and torn down. Realizing the historical significance of the building, several residents of Lewisburg founded Carnegie Hall, Inc in 1983. Initially, the public was offered free performances in the historic building in an effort to renew a sense of interest in culture and history in the region. The first official performance season began in 1990.