The King Koal Theatre opened in the early 1980s in retail space that had been intended for a large men's store. The owner of the Crown Theatre and Price Theatre changed plans to build a new theater on 100 North, where the Olivetto Complex is now located, after the clothing store tenant pulled out of the development. Mike Johnson purchased all three Price theaters about 1996, after working in them since about 1970.^[1]

1. "The only shows in town", Sun Advocate, 25 March 2004