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The Texas Theatre Home Welcome To The Texas Theatre The Texas Theatre home of Palestine Community Theatre is the crown jewel of downtown Palestine and the finest venue for live entertainment in East Texas. This historic structure located at 213 W. Crawford St in Palestine Texas is a prime example of Spanish Colonial architecture and was designed as an atmospheric movie palace when it opened in 1930. After two devastating fires and a host of closings and reopenings the Texas Theatre has been reborn to its new purpose live theatre.