The square is named in honor of a theatre, opened on 7th of July, 1920 with a performance of the well-known Ukrainian play, “Natalka Poltavka”. In July 1921 the famous Ukrainian director Mykola Sadowskyi was invited to be the head of the theatre. Since 2005 the theatre has had the name „Bavka”. Long ago in Verkhovyna regions this was a generic name for any kind of theatrical performance. A „Bavilia” (Puppeteer) was also part of traditional Christmas performances of „Vertep”, along with musicians and singers. Nowadays, the theatre’s plays are highly recognized among international theatrical festivals. In 1908, opposite the bridge the Hotel “Korona” (Crown) was built, which in 1911 hosted the city’s first film screening.