It was dismantled and replaced by a timber structure which was commissioned by the Bury St Edmunds Guildhall feoffees and completed in 1584.

[2] It was described as a "very fayer large house for corn sellers wherein they may stand in their great ease very comodiouslye in the heat of somer and also in the tyme of reyne and cold wet winter".

In The Grubstreet Journal of 19 September 1734, it was written "Our workmen are very near drawing to a conclusion the finishing The Grand Theatre, which has been so long fitting up here, for his Grace the Duke of Grafton's Company of Comedians, and when the paintings and everything are completed, it is believed it will equal (if not exceed) any in England, and none can be supposed to come near it for situation; the company are to come from the University of Cambridge, to open at the beginning of our next fair.

[1] The theatre continued to prosper, especially during the Napoleonic Wars, and included productions such as William Shakespeare's tragedy King Lear.

[8] The building became the meeting place of Bury St Edmunds Borough Council in 1840 and served as "Bury St Edmunds Town Hall" until the new borough offices on Angel Hill, designed by Basil Oliver and William Henry Mitchell, opened in April 1937.