 Paladino and Rolfs purchased and razed properties across of land – more than 300 properties – adjacent to Okeechobee Boulevard for about $40 million, with the exception of First United Methodist Church, which later became the Harriet Himmel Theater.The duo donated of land for development of the Kravis Center for the Performing Arts, which opened in 1992.However, by the early 1990s, the project was discontinued after Rolfs exhausted his personal fortune and due to defaulted loans, foreclosures, lawsuits, and a recession.