The Canton Board of Aldermen think something should be done with the Colonial Theater, but they’re not sure what. In a recent meeting, Town Manager Jason Burrell counseled the board members not to worry about the building’s highest and best use, but to brainstorm ideas on an annual basis. The theater was built in 1931 by Benton & Benton architects, and it is one of many of their buildings in the state to be listed on the National Register of Historic Places. The five-story, five-bay, 347-seat movie house was built for an era when people learned of current events on newsreels; this was before nightly news, and definitely before cable TV, Netflix, and widespread theater consolidation. The building remains in good condition, with a good HVAC system, and it is ADA-compliant. It was deeded to the town in 1986, and it is not paying for itself. Last year, 36 events were hosted in the theater and 74 in the annex. It was a significant improvement over the previous year’s bookings, but at current rates, Alderman James Markey noted, it would have to be rented almost every day to break even. Town leaders aren’t interested in making the theater another event center. They would prefer to forge partnerships with a talent buyer and a promoter. One idea is to seize a bluegrass niche to differentiate the theater from all those in Asheville, eight miles away.