Producing six mainstage shows annually since 2003, LGBTQ+-owned Cygnet Theatre anchors Point Loma's Liberty Station under co-founders Bill Schmidt and Sean Murray. The company moved in September 2025 from its longtime Old Town home into the newly constructed $43.5 million The Joan and Irwin Jacobs Performing Arts Center, a Building 178 adaptive reuse inside Liberty Station. Mainstage productions fill the 282-seat Joseph Clayes III Theater, while more intimate work runs in the 150-seat Dottie Studio black box. Because the venue sits three miles from San Diego International Airport, engineers embedded eight inches of concrete plus HVAC shock absorbers to block overhead flight noise, part of the wider Arts District Liberty Station redevelopment of the former Naval Training Center. Full Sondheim musicals with live orchestra pit accompaniment represent the company's most complex productions, including the Follies staging that inaugurated The Joan and drew on a season-long collaboration with SDSU MFA design students on sets, lighting, and costumes.