February 8, 2011
earmarks £70,000 to save Burnham's Princess Theatre
that Burnham-On-Sea's Princess Theatre can be saved from potential
closure were given a major boost on Monday night (February 7th)
when town councillors gave it £70,000 of funding.
The council - which has held months of confidential talks with
cash-strapped Sedgemoor District Council about taking over the
building - voted unanimously in favour of earmarking the cash
to run it in the future.
Cllr John Morgan, who oversees the town council's Policy and
Finance Committee, said: "We've been offered it and now want
to set aside the money to run it. If it can be shown that the
Princess is financially viable, there will be money set aside
for our successors to run it."
He added: "If we don't pay for services like The Princess,
we won't have them and they may close."
With the money now in place, it now looks very likely that a
deal to save The Princess from closure will be struck over the
It will end a long-running saga over the future of the building.
Burnham-On-Sea.com reported on the district council's surprise
decision to pull the plug on its procurement process in September
the bidders for the building were S&D Cinemas, which runs
Burnham's Ritz Cinema, and The Friends of The Princess, which
operates the hall in conjunction with Sedgemoor District Council.
District Council has been responsible for the loss-making Princess
Theatre in Princess Street since a local Government re-organisation
in 1974, but its current financial position means it can no longer
afford to run it.