UPDATED: Friday, April 13, 2012 - 8:53am
WACO -- Plans are underway to reopen the Hippodrom Theater. This comes after debt caused the theater to close in Feb. The cancellation of the three shows lead to half a million dollars in debt piling up at the Waco Performing Arts Company, causing them to close the theater nine months ago. WPAC filed the suit against "Tuna Does Vegas". After settling with the show, directors of WPAC are ready to turn the page and take back their roll downtown.
"It brings people downtown who then do business at the restaurants and that sort of thing so it's very, very important, and we just look forward to being open again and having people enjoy events in our building," said Dean Riley, V.P. WPAC.
After they receive their money, WPAC expects to pay off their debt by Jan. and be back in business next Spring. When it transforms from an empty building to the theater it was before, directors say it will bring more life downtown meaning more money for businesses in the area.
One new business owner downtown says she anticipates big business once the theater reopens. "If the theater opened it would bring people downtown and help all our businesses downtown," Klassy Glass Wine Bar owner, Sharon Odam.
Terms of the settlement are confidential, but WPAC attorney, Matt Morrison, says they were able to reach an agreement that benefits both parties.