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Preservation Group Buys Hardacre Theater in Tipton

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TIPTON, Iowa (AP) - A group trying to preserve a nearly century-old movie theater in eastern Iowa is one step closer to its goal.

The Hardacre Theater Preservation Association says it recently acquired the purchase agreement for the Hardacre Theater for just over $96,000.

The announcement Wednesday caps months of planning for the group, which received nonprofit status last year. The association says it raised $114,000 since an official fundraising campaign began in December, thanks in part to two anonymous donations worth $80,000.

The Quad-City Times reports fundraising will now focus on renovations. The group hopes to reopen the theater by 2016.

The Hardacre Theater closed last August, after its former owner said it would cost too much to switch over to a system that plays digital movies.

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