Thanet council set to buy the Theatre Royal in Margate
THANET council is to buy the struggling Theatre Royal in Margate.
As revealed in the Isle of Thanet Gazette last week, the entered emergency talks keep the theatre open after it ran into financial trouble.
The theatre's board of trustees took the decision to close its current operations last month.
The council is now working with Thanet Leisureforc, to transfer management of the theatre to continue to provide the programme of events for 2012/13.
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Councillor Iris Johnston, cabinet member for community services said: "We were sad to hear of the decision made by the board of trustees for Theatre Royal Margate to cease its current operations. Thanet District Council has always fully supported the Theatre Royal, a relationship we were planning to continue. We were informed of the financial challenges facing the Theatre's operation and understand that the decision made by the Board of Trustees was necessary. The Theatre Royal, Margate remains extremely important to us and the community in the plans for the regeneration of Margate, and we will continue to do all we can to safeguard its future."
Dr Mark Deller, chairman of the Theatre Royal Trust said: "The trustees are passing the operation of the Theatre Royal Margate, a jewel in Thanet's crown, over to the council and then to Thanet Leisure Force in good faith. We judge that the council and its partners are the safest place for this community asset to reside in the current turbulent climate. We trust that the council and its partners will continue the development of this wonderful Grade II* theatre in the best interests of the local community and our national heritage."