The Palace Theatre is located at the base of the LeVeque Tower on Broad Street. It is a 2,827-seat theatre which was designed to resemble the Palais de Versailles in France. The venue was originally built as a vaudeville theatre, meaning that the acoustics are world-class. The Palace Theatre held the most live shows in Columbus during the '30s, '40s, and '50s, and most of the top names in the entertainment business have performed at the venue. In 1989, CAPA purchased the Palace Theatre, and now the theatre hosts CAPA-sponsored shows every year, as well as performances by Broadway Across America.