Moving the band back would expose just how far the Ozone has fallen.
Not a lot you can do with that space.
I've often thought it could be sold as a group seating area (a suite, or maybe divided into 2-3 suites) with food and beverage service. Sort of the Rohr room, but without requiring a specific BC donation to be able to access it.
It just seems like wasted space to me right now.