I realize that not everyone uses Facebook but sometimes there are things you can only find there. This page is for a group called the Grand Warner Theatre Trust that is trying to resurrect the old theater on 2nd & Wisconsin. From the Facebook page:
Recently, a Trust headed by Myron Heaton was formed to explore purchasing and restoring the theatre. They met with architecture firm, contractors, representatives of the city, and potential funders of the project in December. Stay tuned for more info.
Hopefully they can get enough support to bring this ghost of the past back to life and I can encourage everyone interested in this theater to show their support. I will post more information as it appears.