When financial support finally dried up in the early 1990s, a legendary era came to an end. Built in the 1950s, the Schiller Theater was one of West Berlin's most popular theatres, hosting productions by the likes of Samuel Beckett. Yet when the Berlin Wall came down, the city had too many theatres and too little money, with the result that several world-class cultural establishments fell victim to the local government's austerity policies. After much speculation, the venue was closed in 1993 and was reopened to accommodate the productions and events of Berlin State Opera. The theater is often rented out to popular theater groups and companies and hosts exciting operas that attract culture buffs from all over the city.