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 vulnerable man has been repeatedly kicked and punched in a "vicious and unprovoked" street attack.
A dancing postman from Torquay has become an internet sensation after a video of him 'delivering a parcel' has received over a million views
We've been in awe with all the pictures you've been sending us. Here's as many as we can fit!