With the prospective buyers of the Roanoke Rapids Theater expected to get loan approval to close on the property, a special meeting of city council has been called for Monday to discuss the matter.
Both the city and the potential buyers of the Roanoke Rapids Theater wanted to fix a date for the end of the due diligence period which could lead to the sale of the venue, City Attorney Gilbert Chichester said today.
Roanoke Rapids City Council received a closed-session briefing on the progress being made to strike a final contract with the potential buyers of the theater.
The United States Air Force Heritage of America Band played 70 years of Christmas music this evening at the Roanoke Rapids Theatre.
A meeting Thursday with the ownership group proposing to buy the Roanoke Rapids Theatre went smoothly, City Manager Joseph Scherer said.
After its tree-lighting ceremony and Sunday’s parade, the city has two more events planned to celebrate the Christmas season.
Their bid to buy the Roanoke Rapids Theatre approved, Thomas and Evon McLean have initiated the due diligence process.
The prospective owners of the Roanoke Rapids Theatre will have a 120-day due diligence period before they sign a contract to take over the building.
Mayor Emery Doughtie this evening will make a recommendation for city council to approve a contract to sell the Roanoke Rapids Theatre.
As a Monday deadline looms, there have been no upset bids filed on a $3 million offer to buy the Roanoke Rapids Theatre, City Manager Joseph Scherer confirmed today.