Lost in the labyrinth that is Founder's Hall - and in fact not even noticed to most even when you are looking for it - is Booth Playhouse. Many people walk right by since they are in a hurry to catch their show at the Belk, just down the hall. Shame, really, since the Booth is actually a much better venue for many shows.
While it is true you cannot stage a full-scale traveling Broadway production there, the intimate spot is great for smaller, generally less well-known shows that can really suck you in because it's like you're almost up on stage. Next time you see something being done at the Booth, you may want to check it out.