Both floors contain bars that run the width of the building behind the theater, separated by a grand lobby of intricate art and architecture.

[2] Its uncommon appearance has made it a popular venue for musicians to record live performances (including Third Day & Alison Krauss).

On June 2, 1983, British group A Flock Of Seagulls performed at the Palace and the show was recorded for broadcast by NBC's The Source.

Kentucky musicians that have performed at the Palace include: Billy Ray Cyrus in 1994, the Backstreet Boys in 1998 (Brian and Kevin are from Lexington), My Morning Jacket (from Louisville) in 2005, Chris Stapleton in 2015, Sturgill Simpson in 2016, and Jack Harlow in 2021.

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