The "Restore the Boyne Theater Project" came about after Hugh Conklin and the Boyne City Main Street Program were contacted by the owners of the new bar/restaurant next door, The Thirsty Goat, the plan was for the Main Street Program to look into the viability of renovating the theater and what it would mean to the community at large.

The importance of this project is a major driving force behind the program; the Main Street Program is aiming at bringing back that sense of community by using the theater as a gathering place for both citizens and visitors to Boyne City and allowing people to gather to meet their neighbors in a fun atmosphere. Another factor in reviving the theater would be the economic power that the theater could bring to the area. The theater would act as a large multi entertainment venue and would be able to play host to movies, music and something as major as live theater.

The Program is also aiming to maintain the historical significance of the building with the rejuvenation of the property. The aim is to keep the original look and feel of the old theater while infusing it with a new modern feel to attract a wider audience. The Program is looking to maintain much of the older architecture since many of it is the original and must be maintained to keep it a historical, as well as an important, building in the community.