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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It happened in Perranporth after the Easter bank holiday weekend.
Festival-goers will be able to experience internet speeds of up to double that of the current 4G network.
There may well be a few spots of rain on the windows as we head through Wednesday, with a day of scattered showers ahead.