The present Colón replaced an original theatre which opened in 1857.
The original theater, he said, had 950 seats in 12,000 square feet.
The original and most famous theatre of the name operated in the 17th century.
It is unclear how many people the original theater used to seat, as only the lower section still exists.
The original theatre had a capacity of 250-300 people.
In 2008, a 28-storey commercial tower was proposed which would be connected to the back of the original theatre.
One issue is what to do with the original theater.
It was built in 1968, after the original theater burned down.
Throughout the building, an effort was made to preserve the spirit of the original theater.
The original theatre's final performance was on 25 June 1836.
