I remember the late fifties and early sixties when my mother would drop us kids off at the 4th Ave (so she could go to the laundromat) for afternoon serials and cartoons--it cost a dime. I have always thought Anchorage conservatives cared more about hauling money out of Anchorage than making it a world class city. I think that is still true. 
Save this theatre. It is a jewel in the history of Anchorage building architecture--of which there is very little. 
Have enough oil patch carpetbaggers and greedy conservatives left Anchorage? Will people save what is left of early Anchorage?