I would imagine so, Roxy. The area that the Saenger was in was not hit so hard, wityh minimal flooding.
But many hotels still aren't open yet, and New Orleans theatre has always struggled. It makes sense for them to hold off awhile longer while the city gets it together.
It's not as bad as you think, especially in the Quarter. No doubt, though, it was a serious blow, and many outlying neighborhoods are pretty much gone now.