St. Petersburg's State Theatre has been sold to a family trust run by St. Petersburg real estate broker Kevin Chadwick. The price? $2.1 million.
The news comes just over a week after we learned that the property — which saw its price reduced to $1.9 million three months ago — was under contract. The sale, according to the Tampa Bay Times, includes both the property and the inside assets of the club.
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St. Petersburg's State Theatre is under contract and no shows are scheduled past June 22
Chadwick plans to invest up to an additional $1 million to make safety and cosmetic upgrades en route to restoring the building to the historic landmark it once was. He said that the building should have a new facade and new marquee before the year is over and that the spring should see interior renovations plus three new bars.
And yes, there will still be concerts there.
No Clubs' Tony Rifugiato was an owner of the property until the sale, and he said that his promotions company will still hold shows there when appropriate.
"It is part of the St. Pete fabric and shouldn’t be ignored," he told the Times in an email.
