The Paramount was completed in 1932 just as the Depression was leaving its mark on Amarillo, which had feasted on the fruits of the 1920s oil boom until the global crash caught up with it. The Paramount was Amarillo’s premier first-run theater for decades, but fell behind the multiple screen suburban complexes in the 1970s, and closed in the mid 1970s. Michael Schumacher ©2012 PhotobySchu.com - PhotoBySchu.com --Michael Schumacher