As part of the development of Lubbock's Depot District in 1993, Don Caldwell, along with a group of investors, bought the Cactus Theater and refurbished it into a live performance/movie theater.
The theater now features shows such as Nostalgia Nights, The Cactus Family Christmas Celebration, Gospel Night, Cactus Cuties local artist showcase, new artist showcase, and The JD's, a doo wop group founded by the late Don Allison, a musician and producer at the Cactus.