Madison Square Garden Entertainment (MSGE) has announced plans to invest $15 million into restoring the Beacon Theatre in New York City. The restoration project will span about six months, with plans to re-open the 2,800-seat venue in February 2009.

Renovation to the nearly 80-year-old Beacon Theatre will focus on the historic interior of the building, backstage and back-of-house areas. Along with plans to bring the interior of the venue back to its original look, MSGE will replace the stage flooring, install an upgraded sound system and additional speakers, improve concession stands and restrooms, renovate backstage dressing rooms and install a first-ever star dressing room and green room.

"The Beacon Theatre is one of New York's most enduring landmarks and as we stated when we acquired the Beacon in 2006, we are committed to using our resources to ensure that all of our venues offer music fans the highest quality of entertainment in an unparalleled setting," James Dolan, president and CEO of Cablevision and Madison Square Garden, said in a statement.

Architectural firm Beyer Blinder Belle Architects & Planners has been hired to oversee the Beacon Theatre restoration project.

In the past 20 years, the Beacon Theatre has hosted such acts as the Rolling Stones, Jerry Garcia, Aerosmith, Michael Jackson, the Allman Brothers Band, Radiohead and Queen, among others.