Davenport To Buy Back Theatre

The Quad-City Times reports the City Council will discuss the repurchase of the art deco-style theater at a meeting Saturday.

The city sold the 1931 theater to the RiverCenter for the Performing Arts in 2007 so the property would be eligible for tax credits that helped finance a $14 million renovation.

Alderman Gene Meeker says the plan was always for the city to eventually buy back the Adler.

Officials had earlier said the cost wouldn’t exceed $2.5 million, which would cover the remaining costs of a tax-credit funding plan that paid for stage expansions and other renovations.

Adler Theatre President Lance Willett says the process will take months.