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Souderton Borough puts portion of Broad Theater property up for bid

Written by John Ralston on . Posted in Uncategorized

Souderton Borough puts portion of Broad Theater property up for bid

SOUDERTON >> The theater, itself, will be sold later, but the adjoining building that was part of the plans to renovate and reopen the Broad Theater is now on the market.

At its Aug. 7 meeting, Souderton Borough Council approved advertising for bidders to purchase the 30 W. Broad St. property, which the borough acquired along with the theater when there were no bidders for the theater properties at an April sheriff’s sale brought by the borough after previous owners Broad Entertainment LP failed to repay a loan made to it by the borough using state grant money that was to be repaid to the borough and used for future economic development projects.

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