The Bijou was not much of a theatre, not missed. The Morosco was home to some of the greatest classic plays in American theatre, a beautiful house with perfect natural acoustics. The Hayes was also a beautiful house of hits, and named for a great actress -- theatre torn down while Hayes was still alive.
Shuberts wanted the money, the money, the money .... Just as the Nederlanders wanted the money, the money, the money and sold the Mark Hellinger Theatre to the church. Sad loss.