KCCI 8 NEWS AT 6:00. STACEY: A HISTORIC THEATER FOR JUST A DOLLAR. THAT WAS THE PURCHASE PRICE FOR THE ORPHEUM THEATER IN MARSHALLTO.WN STEVE: ONE DLAR.OL THE MARSHALLTOWN SCHOOL BOARD JUST VOTED TO BUY THE THEAR.TE KCCI’S ANDREW MOLLENBECWEK TONT MARSHALLTOWN TODAY TO FIND OUT HOW THEY PLAN TO USE IT. ANDR:EW THE ORPHEUM THEATER HERE IN MARSHALLTOWN HAS BEEN A LANDMARK FOR GENERATIONS. AND NOW THAT THE SCHOOL DISTRICT HAS PURCHASED IT, IT WILL HA AVE NEW LIFE GOING FORWARD. THE ORPHEUM WAS BUILT IN 1948 AND SHOWED HOLLYWOOD’S BIGGEST FILMS FOR DECADES. THE THEATER LATER BECA AME MULTI-PURPOSE FACILITY, SURVIVED TOA RNADO IN 2018, AND AT THE MOMENT IS SERVING AS A COURT HOUSE WHILE THE REGULAR BUILDING ABOUT A BLOCK AWAY IS UNDER CONSTRUCTION. MARSHALLTOWN SCHOOLS SUPERINTENDENT THERON SCHUTTE GREW UP GOING TO THE THEATER AND HE SAW THE VALUE IN IT. >> ESSENTIALLY IT WAS A GIFT FROM IOWA VALLEY COMMUNITY COLLEGE DISTRICT TO THE SCHOOL DISTRICT, SELLING IT FOR ONE DOLLAR. THE VALUE INHERENT IN THAT IS THERE’S A STRONG FEELING THAT OUR SCHOOL DISTRICT WILL CONTINUE TO SUSTAIN THIS FACILITY TO THE HIGHEST STANDARDS FOR BOTH EDUCATIONAL AND COMMUNITY USE PURPOSES. ANDREW: THE SCHOOL DISTRICT ALSO WORKED WITH UNITY POINT HEALTH TO BUY THE ADJACENT PARKING LOT FOR $20,000. THAT WILL ALLOW MANY MORE PEOPLE TO ACCESS THE THEATER. ONE IDEA IS TO EVEN OPEN UP A STUDENT-RUN COFFEE SHOP. >> WE REALLY THINK THAT THERE’S WONDERFUL OPPORTUNITIES HEREO T CREATE KIND OF AN ACADEMY-LIKE EXPERIENCE FOR OUR STUNTS.DE THE OTHER THING WILL BE AFTER SCHOOL PROGRAMMING POTENTIALAS, WELL AS SUMMER SCHOOL PROGRAMMING POTENTIAL FOR THOSE AREAS. ANDREW: THE MARSHALLTOWN SCHOOL DISTRICT TAKES OWNERSHIP OF THE THEATER IN JUNE OF 2022. IN MARSHALLTOWN, ANDREW MOLLENBE

This historic theater has been sold for $1

Updated: 12:22 PM EDT Sep 9, 2021

A historic theater in Marshalltown, Iowa, has been sold for less than the cost of a movie ticket. The Marshalltown Community School Board approved a letter of intent Tuesday to buy the Orpheum Theater for $1. The Iowa Valley Community College District is the current owner, and the sale will ensure the theater, built in 1948, will serve both students and the community for years to come. The school district will take ownership of the theater in June 2022. "Essentially, it was a gift from Iowa Valley Community College District to the school district, selling it for $1," Theron Schutte, the superintendent of the Marshalltown Community School District, said. "The value inherent in that is there's a strong feeling that our school district will continue to sustain this facility to the highest standards for both educational and community use purposes."Watch the video above for more on this story.

MARSHALLTOWN, Iowa —

A historic theater in Marshalltown, Iowa, has been sold for less than the cost of a movie ticket.

The Marshalltown Community School Board approved a letter of intent Tuesday to buy the Orpheum Theater for $1.

The Iowa Valley Community College District is the current owner, and the sale will ensure the theater, built in 1948, will serve both students and the community for years to come.

The school district will take ownership of the theater in June 2022.

"Essentially, it was a gift from Iowa Valley Community College District to the [Marshalltown] school district, selling it for $1," Theron Schutte, the superintendent of the Marshalltown Community School District, said. "The value inherent in that is there's a strong feeling that our school district will continue to sustain this facility to the highest standards for both educational and community use purposes."

Watch the video above for more on this story.

THE CITY OF MARSHALLTOWN SAYS IT’LL PAY YOU $10,000 TO MOVE THERE AND BUY A NEW HO.ME THE MARSHALLTOWN CHAMBER OF COMMERCE CALLS IT THE MAKE MARSHALLTOWN HOME PROGRAM. IT’S OFFERING PEOPLE $10,000 TO BUY A NEWLY BUILT HOME IN THE CITY. IF THE HOMES HAVE A CONSTRUCONTI VALUE OF AT LEAST $180,000. THE INCENTIVE IS STARTING

This Iowa town is offering $10,000 to buy a new home there

Updated: 10:24 AM EDT May 28, 2021

Marshalltown, Iowa, says it will pay you $10,000 to move there and buy a new home. The Marshalltown Chamber of Commerce calls it the Make Marshalltown Home program. It's offering people $10,000 to buy a newly built home in the city if the home has a construction value of at least $180,000. The incentive starts on July 1.

MARSHALLTOWN, Iowa —

Marshalltown, Iowa, says it will pay you $10,000 to move there and buy a new home.

The Marshalltown Chamber of Commerce calls it the Make Marshalltown Home program.

It's offering people $10,000 to buy a newly built home in the city if the home has a construction value of at least $180,000.

The incentive starts on July 1.