The only professional performing arts theatre in Petersburg, Sycamore Rouge, was facing foreclosure back in June.
Theatre board members had launched a campaign to raise $150,000 to pay off the mortgage.
We've learned Sycamore Rouge has now raised enough money to stay in business, but will continue operations in a different location.
We're told they hope to be in the new building by October, and be ready for their first production in December.
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