Every year it holds hundreds of events, notable for their high number and variety: concerts, exhibitions of local and foreign artists, book presentations, roundtables and it cooperates with the realizations of important happenings and festivals of the city.

As a unique monument of representative interior design from the beginning of the fourth decade of the 20th century, the work of well-known and in its time highly regarded creators - decorators - because of its authentic values, aesthetic and stylistic homogeneity, which is the reflection of this period in the history of art and valuable documentation of it, because of its relatively high degree of preservation in relation to the original state, as well as because of the threat expressed in actual and possible changes arising from the use, it is necessary to do detailed scientific research of the interiors and its authentic furniture, and present it to the wider professional audience and to the public, and in that way ensure the preservation of these excellent examples of applied art of its time.

After the liberation of Banja Luka, the building was used as headquarters for the 37th Division of NOV, it was partially equipped for the purposes of an army club.

During 1952-1953, the County workers' council has allocated 4,500,000 dinars and organized labor action in collectives, to bring back to use Grand hall and other damaged spaces.

The restoration project from 1953 was signed by the architect Stojan Borovnica, engineer from Banja Luka present at the auction for masonry and covering works at the Palace in 1931.

During that time idea about forming Cultural centre started to emerge, in the meantime, the building housed City library, Reading room, City Museum, Workers' University, the editors office "of Banja Luka newspaper", with Radio Club radio station, music school.

Parter, Grand Hall and the Blue salon, halls and stairways suffered the least changes in purpose, schedule, size and decoration, while the biggest changes were made in the premises of the second floor, which is logical when one takes into account that the building was adjusted to the new function - a set of different administrative activities in the field of culture, Arts and Science.