Below is the closed-captioning text associated with this video. Since this uses automated speech to text spelling and grammar may not be accurate.
new ownership this weekend with a big concert fundraiser. marc marc this has been a decade in the making as the historic building was nearly turned into something entirely different. boxes action news now reporter sara stinson joins us live from the theater with one of the new owners. sara reporter live marc, meaghan... this is an exciting time as most chico locals grew-up going to this theater... it's been around since 19-06...that's why when it up for sale in 2007 many panicked that it would become an apartment complex or restaurant. the community rallied together to create the "el rey alliance group" to see if the theater could be saved. but that's when three businessmen from luis obispo came in the picture...they bought the building...and yes decided to keep it as a theater. i'm live now with tyrone galgano, a co-owner...why keep this a theater? what can people expect this weekend? a couple bands playing...etc. starts at seven p-m. coming up in the next 30 minutes we will give you a live tour of heater to show you some of the major improvements made. sara stinson, action news now.### --5 sec open--