The Majestic Theatre is an example of Arts Center Enterprises ability to work within public, private partnerships in this case the City of San Antonio as owner of the theatre, and Las Casas Foundation, a local non-profit organization, in a successful effort to turn the historic movie theatre into a landmark, modern performing arts facility. During the 1980s and 90s, $9 million renovation and stage expansion costs were raised by Las Casas Foundation, with substantial investments from the City of San Antonio, ACE and local philanthropies.

The 2,264 seat Majestic Theatre is a National Historic Landmark, and is currently home to the San Antonio Symphony, the Broadway in San Antonio series, along with a wide variety of concerts and performing arts attractions. The Majestic Theatre has operated under Arts Center Enterprises' management on a self-sustaining basis since 1989.