Palace Theatre originally opened in 1917 as a vaudeville theater, and the performers included the Marx Brothers and George Burns. The theater went through many twists and turns after that, and it shut down in 1977. It remained mostly fallow until it was bought by the City of Saint Paul in 2015, and it was renovated and modernized because it sorely needed it. Then, with the hands of First Avenue and Jam Productions at the helm, it opened as a concert venue in 2017. It has become one of the premier locations for music since it's re-opening, showcasing such acts as The Pixies, The Jayhawks, and a Bon Iver/Tu Dance collaboration.

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