According to the Miami Herald, a plan is being proposed by attorney Lewis "Mike" Eidson to add a second theater with 750 seats to the existing Playhouse that has 300 seats. 

The goal would be to have the theater run by the Adrienne Arsht Center for the Performing Arts. The addition, with parking and offices would cost around $45 million. 

In January, the state transferred the site to Miami-Dade County and Florida International University, which will lease the site for 50 years. 

The Playhouse closed in April 2006 when under $4 million in debt and has been abandoned ever since.