A group of local investors has closed on a deal to buy the downtown Greensboro location of the former Triad Stage.
One of the new owners is Will Stewart, president of Green State Power, along with four others who he says also have deep ties to Greensboro and share a passion for downtown.
Stewart says the plan is to shift from a theater to a music venue, but other than that they haven’t ruled anything out.
“It’s going to be a wide variety but bring in a crowd that is going to go out to eat downtown and go out after the show and really add to the fabric of downtown,” he says.
Stewart says the preservation of the structure was also a draw. The location is a former Montgomery Ward building that was built in the 1930s.
The site had been home to the long-running Triad Stage, a non-profit theater group. The organization shut down last summer over financial concerns that at one point included a $1.5 million deficit.
Stewart says the building will eventually be rebranded to drop the Triad Stage moniker for a yet-to-be-determined new name.
He says right now there’s not a timeline for re-opening.