Felixstowe Town Council considers acquiring cinema up for sale – BBC News

posted in: All News | 0

Felixstowe Town Council is considering purchasing the 87-year-old Palace Cinema on Crescent Road in Suffolk, which is currently up for sale with a guide price of £700,000. The council conducted an extraordinary meeting to discuss the potential acquisition and will now begin a due diligence process, including surveys and legal advice, to assess the viability of acquiring the historic cinema. The decision is being approached with the long-term interests of Felixstowe and its residents in mind, with the aim of preserving and enhancing the venue for cultural and community use.

Source: https://www.bbc.co.uk/news/articles/c8jpyvwjweko

Source: https://www.bbc.co.uk/news/articles/c8jpyvwjweko