Historic Bucks County playhouse saved by group willing to pay cash

    An 18th-century grist mill turned playhouse in Bucks County will get a breath of fresh air after a group paid cash to acquire it.

    The historic Bucks County Playhouse closed last December and has since sat empty, in the hands of a bank.

    The Philadelphia Inquirer reports the group acquired the property through their nonprofit, Bridge Street Foundation. According to the report, the group paid less than the $2.10 million asking price.

    The Associated Press says Broadway producer Jed Bernstein and Bucks County Playhouse Conservancy founder Peggy McRae were also a part of the purchase.

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    The Inquirer reports the playhouse could be reopened in time for a summer 2012 season, complete with several renovations to the old building. It is expected to be run by the nonprofit group.

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