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Council approves sale of Babcock Theatre to Art House Management; $100,000 insurance deductible included
Billings City Council · April 28, 2026
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Summary
The council authorized a purchase‑and‑sale agreement transferring the Babcock Theatre to Art House Management, including a $100,000 deductible payment at closing and the buyer’s right to seek future TIF funding; vote passed with one dissent on process.
City staff presented a purchase‑and‑sale agreement to transfer the Babcock Theatre to Art House Management LLC. Under the agreement the city will deliver $100,000 at closing (the owner’s insurance deductible related to a ceiling collapse), and Art House will assume ownership and…
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