Glasgow City Council and Ambassador Theatre Group are said to be working on a redevelopment plan for the theatre.
A “very ambitious” multi-million pound plan to revamp Glasgow’s King’s Theatre is being developed to attract “bigger shows”.
A council committee agreed to include an exclusivity agreement in a new short-term lease for the theatre, which first opened in 1904. A longer-term lease renewal is expected once a redevelopment plan has been made. The company expressed an interest in extending both agreements for three years pre-pandemic, with the intention of working on “a redevelopment to make significant improvements”, a council official said.
The council official said he believed the exclusivity agreement is “reasonable”, and it is hoped to establish “what the development might look like” over the next three years. “Once we have agreed what the development might look like, once we’ve agreed it can be fully funded by a cocktail of funding, at that point we will agree a long-term lease with Glasgow Theatres Ltd for a period of probably 50 or 60 years.”
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