at the opening night of the theatre on 18 March 2010 As construction began in January 2007, the
DDDA reportedly proposed the Grand Canal Theatre to the State (Department of Arts and Culture) or the
Abbey Theatre, or as a new venue for
National Concert Hall, but neither were able to meet the cost of fit-out (), or handle the scale of the venue. The theatre was purchased by Dublin Docklands-based businessman Harry Crosbie (co-owner of Point Theatre, now
3Arena, amongst other docklands properties) for €10m in July 2007 from Joe O'Reilly. Crosbie borrowed the purchase price, plus another €3.8M for the fit-out, from
Allied Irish Banks ("AIB"). Crosbie then leased the management contract for the Grand Canal Theatre to
Live Nation (who were also co-owners, and managers, of the
3Arena). Crosbie officially opened the Grand Canal Theatre with a performance of
Swan Lake by the
Russian State Ballet of Siberia on 18 March 2010. The Grand Canal Theatre was formally renamed the Bord Gáis Energy Theatre on 7 March 2012 as part of a 6.5-year
naming rights deal with
Bord Gáis Energy worth a reported €4.5 million (or €700k per year). The naming-rights deal was renewed in 2018, until the end of 2026. The theatre was put into receivership by the
NAMA in April 2013. Crosbie's AIB theatre loans had been transferred to NAMA, however, Crosbie had larger loans with NAMA on various docklands projects (e.g.
Point Village).
Grant Thornton took control of the theatre for NAMA, however
Live Nation continued to manage the venue and support the sales process with
CBRE.
LiveNation remain as venue managers (not clear if this is Harry Crosbie's original lease or a new management agreement with Bernie and John Gallagher). ==Operational performance==