In the summer of 2012 after 86 years of operation, the Bonham Theater closed. Shortly thereafter, a group of citizens called a meeting and began to organize. A facebook group was formed and quickly grew to 1,500 members. After a series of meetings, a non-profit organization was formed, the Bonham Theatre Project. In January 2013, the building was put up for auction and purchased by the Bonham Theatre Project. Fundraising is now underway to rehabilitate and reopen the theatre, preserving this cultural and entertainment venue for generations to come.