Orrin and Cheryl Day, Ramona building contractors, hope to have it open as a single-screen theater on March 7 of next year -- the same date it opened 55 years ago in 1947. The investors also are building a 25,000-sf office building in the Downtown Ramona area.
The theater closed in January. It was for sale for almost two years. The sale price was listed on its Web site for $429,000 as an ideal location for an antique mall. The Days paid former owner Gary Cook $300,000 last week.
The theater was last renovated in 1975 with a dividing wall allowing two screens.
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