The Century 16 Park Lane Theatres opened for business in August of 1998. By this time, PARK LANE MALL was in a downward spiral, exacerbated by the loss of three major stores between 1995 and 1997. The struggling shopping hub was shuttered in January 2007, with a wrecking ball renovation commencing in October.
Photo from Washoe County, Nevada

Gottschalks survived the 2007 demolition. However, after the December 2008 demise of the Gottschalks chain, the store was also bulldozed. The multiplex theater (seen above) was now the only major structure remaining from PARK LANE CENTRE and MALL.
Photo from Washoe County, Nevada