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This 1,014-seat theater is a creamy terracotta Art Deco gem with three glass arcs at street level. Terracotta medallions portray Venetian ships, knights on horseback, and peacocks. A second-story frieze adorns the facade, which also has windows on the second floor. After several modernizations, the theater closed in 1977 and was converted to a retail mall with offices in the balcony. The city of Loveland acquired it in 1987 and used volunteer labor and contributions of the Friends of the Rialto Theater to complete a full restoration in 1993. The Art Deco interior has also been revived. The project has been an example for other successful restorations that have made 4th Street an unusually vibrant and intact main street, including the Beaux-Arts First National Bank, now the Interweave Press, 201 4th Street.