Taunton Deane Borough Council has voted unanimously to try to buy the leasehold for the Brewhouse Theatre.
The venue went into administration in February. Final Bids for the theatre must be put forward by Friday and we understand one offer from the council has already been rejected.
More top news
A Bowhead whale - almost never seen south of the Arctic - was spotted by a diver just off Par Beach on St Martin's island.
Monkey World in Dorset has welcomed a second baby Sumatran orang-utan to the park.
The mother of a Muscular Dystrophy patient says he could have lived longer if he had been given access to vital medical equipment sooner.