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Village to pursue option to buy Warner Theatre with Ridgewood Arts Foundation support; NJEDA grant will determine purchase
Summary
The village will enter an option agreement to pursue purchase and renovation of the Warner Theatre; an NJEDA grant (up to 80% of renovation costs) is central to the plan and will determine whether the village proceeds with the $2.5 million purchase.
Mayor Radianos announced that the village will enter into an option agreement with the current owners to pursue acquisition and restoration of the Warner Theatre and will partner with the Ridgewood Arts Foundation to operate the venue if the plan proceeds.
Under the terms described at the workshop, the village will execute an option…
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