BY CHUCK VANDENBERG
PCC EDITOR –
FORT MADISON – A run past the old Fox Theater in Fort Madison shows plenty of activity and a “sold” sign in the window.
On Thursday evening, Larry Wright, who has owned the theater with his wife, Trudy, for the past decade, confirmed that the theater had been sold and indicated the theater could be back up and running soon.
“We’re very excited about this sale and excited for the community,” Wright said amidst boxes and bins of memorabilia in the lobby. “We’ve done a lot of the leg work here to get the theater ready to go and we’re happy to see this.”
Wright wouldn’t confirm who the property had been sold to but said negotiations have been going on for the past couple months.
“We have had conversations with many people about this theater, some were owners of other theaters,” he said. “But this last time they offered, we counter offered and things went back and forth a while and now we’ve sold.”
Wright said his wife and family have been doing a lot of the work on rehabilitating the building. He said he they hadn’t done a whole lot with the west theater.”
“I think they’re looking at bringing in digital equipment and getting ready to get up and running.” Wright said. He said he couldn’t really speak to any timelines on when the theater may reopen.
Fraise Real Estate and Auction were the brokers on the property and a spokesperson there said the company couldn’t release the name of the buyer.