This is the old Tiger Theater, a sister to two other old, long-shuttered New Orleans movie houses: The Pitt and The Delta.
The Tiger Theater opened in 1950 and closed nearly a quarter century later in 1973. In 1974, the theater would reopen as a porno house called the Riget. One imagines this was to save money on an expensive sign as the new tenants could just swap a couple letters and voila!
In 1976 the Riget would morph into the Grit Adult Theater enjoying a four year run til closing for good in 1980.
Earlier this week it was razed.