That's what we had for the longest time where I live. It's the only full sized IMAX in the state. It was bought out by the local theater chain and dropped playing IMAX exclusives films in favor of Hollywood productions.

For a couple years they were probably running at a loss because the studios were only producing 15/70 prints maybe twice a year at best. So they were stuck playing Elysium for most of the year until the last Hobbit was released.

Just a couple months ago they finally sprung the cash to renovate the theater and replace the film projectors with their new digital counterpart. Now they can switch out films any time they like.