[1][2][3] This change of name was not acknowledged at the time of inauguration, but was adopted on December 18, 1866, when Mexican liberal troops regained control of the plaza where the theater is located.

Degollado Theater is famous for its beautiful paintings along its golden walls on the interior of the building and its symbolic mosaic on the exterior.

Within the three year construction, Felipe Castro painted the murals Time and Hours and The Fame on the proscenium arch.

Between 1909 and 1910 artist Roberto Montenegro focused on the reconstruction and decoration of the interior of the building which included the addition of a crystal lamp on the theater's vault.

Fifty years later, architect Ignacio Diaz Morales was in charge of a complete restoration of the building where sculptures by Benito Castañeda replaced Venetian mosaics.

[1][3] When Ignacio Diaz was in charge of the renovation of the theater, he ordered the engraving of the phrase "May we never hear a hint of discord" along Montenegro's mosaic on the main entrance.