During the 1980s, while people began talking about the revitalization of downtown Dayton, one dream - that of seeing the Liberty Theater reborn - was at the top of many local wish lists. Finally, in 1994, a group of citizens under the title Touchet Valley Arts Council (TVAC) approached the owner of the building, the law firm of Nealey and Marinella, about restoring the building.
Through local donations and hundreds of volunteer hours contributed by community members, the roof was repaired. Over the next seven years, TVAC and other community members raised money and were awarded different grants that allowed the fully restored Liberty Theater to open its doors with a live performance of The Music Man in November of 2001.
Today the Liberty Theater continues to serve Dayton and the Touchet Valley under the vision of TVAC's original goal. First run family oriented movies are shown at the theater four days a week. Each year, the theater hosts two film festivals, one designed to entertain local children during summer afternoons. Several live performances are produced by TVAC Productions, and the Missoula Childrens Theatre graces the stage each year.