By the early 1990s, after being neglected and falling into serious disrepair, both theatres were condemned. They were among the 42nd Street theatres repossessed by the City and State of New York in 1990, and fell under the protection of the New 42nd Street organization in 1992. In 1996, the theatres were leased by Livent and demolished. However, certain major architectural elements and structures were protected under landmark status; these were carefully removed from the buildings, stored, and incorporated into the new theatre. Today, patrons visiting the theatre sit under the dome from the Lyric and proscenium arch from the Apollo, and pass through the ornate Lyric Theatre facades on 43rd and 42nd Streets. Above the 43rd street entrance, on the second floor, can be seen the busts of W. S. Gilbert, Arthur Sullivan and Reginald De Koven; the Lyric Theatre was originally intended to house De Koven's works.