The Palace Theatre is an entertainment venue in downtown Albany, New York, located on the corner of Clinton Avenue and North Pearl Street. The theatre is operated by the Palace Performing Arts Center, Inc., a 501(c)(3) non-profit organization. Established in 1984 and incorporated as a not-for-profit corporation in 1989, the Palace Performing Arts Center, Inc. was created to operate the theatre and utilize its full potential as a cultural and entertainment center in Albany.