Taunton Dean Borough Council will discuss making a bid for The Brewhouse Theatre today.
It would not mean the authority would take on the running of the theatre though.
The public arts and performance hub went into administration in February leaving more than 50 members of staff redundant.
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Mild but unsettled with rain at times
Mild but unsettled with rain at times.
A dramatic river rescue took place in the early hours of Sunday morning after a man was spotted in the River Avon in Bristol.