Somerville Theatre Operators Purchase Davis Square Site, Launch Fundraiser
Somerville Theatre operators spent $12 million on the Davis Square property and began a fundraiser to lower the resulting debt, seeking financing to keep the venue viable.
GMNA Boston
The operators of the historic Somerville Theatre have bought the nearby Davis Square property for $12 million. They have also opened a fundraiser aimed at reducing the debt created by the purchase.
The acquisition is part of an effort to secure new financing that will help sustain the theatre after adding the Davis Square site to its holdings.
