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Marshalltown public schools to buy Orpheum Theater for $1

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Orpheum theater

MARSHALLTOWN, Iowa (AP) -- Marshalltown Community Schools will become the new owners of the city's historic Orpheum Theater for the basement-bargain price of $1.

The Times-Republican reports that the district's school board on Tuesday unanimously approved a letter of intent to buy the theater on Main Street.

The school district will pay the current owners, Iowa Valley Community College District, $1 for the building at closing, set for June 16 or sooner.

The theater closed last year amid the COVID-19 pandemic. Iowa Valley Community College District Chancellor Kristie Fisher says she's proud the theater will remain an educational facility.

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