An iconic part of Laconia’s downtown will soon be reborn.
In a deal announced this week, the Belknap Economic Development Council will purchase the historic Colonial Theatre for $1.4 million.
The city will loan the group the money to buy the theater, and assist in raising the $15 million needed for renovations.
The Colonial opened in 1914, but has been shut down since 2001.
Justin Slattery, executive director of the Belknap Economic Development Council, joined NHPR’s Morning Edition to talk about plans for the theater.