Located in the heart of downtown San Luis Obispo, CA, the Fremont Theater is a historic movie theater, built in 1941. Throughout its early years it served both as a moving picture theater and a live entertainment venue. In the late 20th century, developers wanted to raze the building to install a new multiplex, but public outcry saved the theater. Full of rich, art deco charm, this theater has hosted everything from war bond shows to Adam Ant and Yes. The Fremont Theater is a historic movie theater in San Luis Obispo, California in the United States of America. It is among the last Streamline Moderne theaters built by architect S. Charles Lee. It opened in 1942 on the eve of U.S. entry to World War II.