Act one told the story of the opening of the theater and the "best of times" it had in its glory days. Act two tells of its decline and eventual demolition.
The back side of the album cover shows the Paradise closed and in disrepair. You can barely make out the banner for Sparky the Flying Dog which states he was appearing until July 7th, 1958. That was the exact date that workmen finished the demolition of the theater.
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