According to the Palm Beach Post, the city will be closing the deal to buy the Cuillo Center.
Under the new plan, Palm Beach Dramaworks, which needed to expand from its 84-seat theatre at 322 Banyan Boulevard, would pay the city $150,000 annually with the option to purchase the building for $2.8 million no later than 2017. Dramaworks is responsible for maintenance and repair of the building.Plans are still on track to open in November 2011, thirty years from the first time the space opened for live theatre as The Stage Company.
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