Folly Theatre ended in 1895.
Folly Theatre was created in 1840.
The Folly Theatre had several other names, beginning with the Lowther Rooms.
Folly - band - ended in 2008.
The Rapture is Folly! Study of "End Times" bears this out
Talley's Folly (1980), a play by Lanford http://www.answers.com/topic/lanford-wilson. [ http://www.answers.com/topic/brooks-atkinson-theatre, 277 perf.; Pulitzer Prize, NYDCC Award.]
The Theatre ended in 1598.
The plural form of "folly" is "follies."
If a folly is still considered a folly..yes
Theatre of Tragedy ended in 2010.
Armchair Theatre ended in 1980.
Royalty Theatre ended in 1938.
Britannia Theatre ended in 1900.