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Souderton Borough may sell Broad Theater, adjoining building separately

Written by John Ralston on . Posted in Uncategorized

Souderton Borough may sell Broad Theater, adjoining building separately

SOUDERTON >> The borough’s plan to sell the Broad Theater may be cutting to a split screen.

Although both the theater and an adjoining building were part of plans to renovate and reopen the theater, the two are technically separate properties and could now be sold separately.

The borough acquired the site when no one bid on it at an April sheriff sale brought by the borough after previous owners Broad Entertainment LP failed to repay a $500,000 loan made to it by the borough using state grant money.

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