The Pacific Crystal Palace's chandelier, banquette seats and sand-blasted mirrors have been secured as a venue for the Tauranga Arts Festival.
The Palace, a relocatable venue which had been used by the festival since 2001, was purchased by five different festivals which all used it and that formed a trust headed by Tauranga Arts Festival director Philip Tremewan and current festival director Jo Bond as deputy.
Ms Bond said their one-fifth share was possible thanks to a private donation.
"It's got its own history inside it. It's really a wonderful venue."
It had formerly belonged to a company in Wellington but some of the owners were wanting to seek retirement.