- Associated Press - Friday, June 20, 2014

COLUMBIA, Mo. (AP) - The University of Missouri has purchased a downtown Columbia theater that the school says will replace a $58 million concert hall planned as part of a larger performing arts center.

The university leased the Missouri Theatre with a clause that it could then purchase the building from the Missouri Symphony Society. The theater is on the National Register of Historic Places.

The Columbia Daily Tribune (bit.ly/1oLNXFC) reports the university announced the $3.7 million purchase Thursday. The purchase price represents the symphony group’s unpaid debt.

The 86-year-old theater was temporarily closed in 2010 as fundraising lagged and millions of dollars’ worth of planned renovations were scuttled. The theater will provide MU with needed performance space as Jesse Auditorium closes in the upcoming academic year for renovations to the main administration building.

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Information from: Columbia Daily Tribune, https://www.columbiatribune.com

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