Redevelopment has occurred in downtown Sioux City with the restoration of The Orpheum Theatre, which had been simply used as a movie theatre since the 1960s, until funding to restore it began in the mid-1990s. Tyson Events Center opened in 2003, replacing the 53-year-old Sioux City Municipal Auditorium, which is now a recreation center. In 2004, a 14 screen movie theatre opened, and included of retail space. The movie theatre has been profitable, however the retail space is almost completely vacant, and the building could face foreclosure.