MACON, Ga. — Macon's urban development authority is buying the historic Cox Capitol Theatre in the central Georgia city.
The Telegraph reports that authority members agreed Thursday to purchase the theater with the aim of ensuring that it remains an important downtown entrainment venue.
The authority plans to buy the Capitol for a maximum price of $480,000, subject to terms and conditions to be finalized by authority Chairman Chris Sheridan and Morrison.
The theater property has been for sale since the fall, and in recent years it has undergone several management changes and faced some financial difficulties. A partnership called Capitol Theatre Fund LP currently owns the property.