Costing between £14,000 and £15,000 the Princess was built for Mr Marino Lucas, a vaudeville entrepreneur from Hobart. All the work except for the stamped metal ceilings was done in Launceston. Messrs J & T Gunn were the contractors for the building, decoration and electric lighting.". "The Theatre was built to hold 1800 people "comfortably". There were two cloakrooms in the upstairs foyer, one for the ladies with a "huge swinging mirror" and one for the gentlemen. It is probably best not to wonder about the 1200 patrons who were seated downstairs.