Sussex to put theatre, parking lot up for sale
Sussex Borough. The Sussex Borough Council introduced ordinances to sell the Crescent Theatre building and a parking lot on Harrison Street.
| 24 Oct 2022 | 01:27
The Sussex Borough Council on Oct. 23 introduced ordinances to sell the former Crescent Theatre building and an adjacent parking lot, establishing minimum bids for both.
The two properties, the theater located at 74 Fountain Square and the parking lot, located 11-17 Harrison St. were previously packaged to be sold together, but the council wanted to split the package apart into separate sales.
The council set a minimum bid for the theatre at $159,000 and the Harrison Street property at $106,900. The theatre also has a reversion clause that states that the property must remain a theater, and if it does not, it would revert back to borough ownership. There are no restrictions on the Harrison Street property.
“It doesn’t mean you have to accept that,” Borough attorney Frank McGovern said. “If somebody comes in with some number and you don’t like the bid, or for whatever reason, you decide that.”
Borough Attorney Frank McGovern said the council is free to reject the bids, even if they come in at above the minimum.
There will be a public hearing on both ordinances at the borough’s Nov. 1 meeting.