The Board was created according to the Theatre Royal Board Act 1973 to administer the Theatre Royal. June 1984 was a low point in the theatre A devastating fire destroyed much of the stage area and the front of the auditorium, and there was much smoke and water damage. A fundraising appeal was launched to raise the $1 million needed to carry out repairs. The money was raised and the theatre underwent major reconstruction and refurbishment, reopening in March 1986. Meanwhile the Board had gone into abeyance. It was dissolved by the Theatre Royal Management Act 1986 which established the new Theatre Royal Management Board.