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Dateline: 15th December, 2006
Buy a Share in the Courtyard The company which runs the Courtyard Theatre in King's Cross is hoping to sell a quarter of the business, including the Court Theatre Training Company, to help raise the money to buy the theatre. The owners of the building, which is currently being renovated, wish to sell the property and have told the company that it is no longer willing to allow them to sign a 25-year lease and that they must buy it to stay on. At the moment the company is putting on its shows in the Theatre Museum in Covent Garden but that will close in January, leaving the company homeless. Executive director Tim Gill told The Stage, “We’ve got £1.8 million in commercial borrowing to put towards it and if we can clinch £750,000 it’ll be ours. It’s a very safe deal - our drama school is now validated and they will be using the smaller space (the 50-seat studio), so it’s a very nice commercial investment deal. “What we hope is that we can become an Off-West End, middle-size venue that will be a good training ground for new directors, actors and writers - a bit like the Orange Tree but in King’s Cross.” Please note that all three Archive indices are very long and will therefore take some time to download.
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