 Towne Cinema Limited bought the Princess outright sometime in 1970 . The chain owned several theatres in Alberta , including the Towne Cinema on 118 Avenue . The theatre reopened on Christmas Day 1971 as the Klondike Theatre after almost a year of renovations . Towne Cinema restored the original function of the interior of the building , rebuilt sections of the exterior , and installed a new marquee at a cost of $ 270 @,@ 000 . Its first film was Man in the Wilderness , a family friendly feature starring Richard Harris . 
