Administrators have confirmed that hundreds of people who bought advanced tickets from Taunton's Brewhouse Theatre won't be getting their money back.
The Brewhouse closed without warning in February after 35 years as an arts centre. Fifty staff lost their jobs. This afternoon administrators said there would be no cash available for unsecured creditors.
Taunton Deane Borough Council is hoping to take over the building.
Brewhouse bid: Council must ensure "public purse isn't burdened"
Councillor Ian Morrell has welcomed the councils decision to try to reopen the Brewhouse but has also said caution is needed:
It is good to now see the Council commit to reopening of the Brewhouse. However caution must be exercised to ensure the public purse isn't burdened with unsustainable financial liabilities. Therefore before the doors should reopen, further work is clearly required to identify cultural requirements of possible theatre users together with the on-going economic viability._
Taunton Council sets aside cash for Brewhouse Theatre
Taunton Deane Borough Council is setting aside £35 thousand to help the Brewhouse Theatre, which closed last week. Campaigners fighting to get it re-opened lobbied councillors last night.
The extra cash will be spent on maintaining the property, legal fees and getting advice on the types of arts projects that could be held there in the future. and comes on top of 152 thousand pounds already allocated to the theatre in the Council budget.