It’s official. The Garden Oaks Theater has been saved from the wrecking ball as the local non-profit group Arthouse Houston has closed on the property.
“Thanks to more than 900 generous donors, we were able to close on a seller financed loan for the historic cinema, as a first step to help save the theatre from demolition,” Arthouse Houston said in a release Tuesday night. “Arthouse closed on the $7.1 million property purchase today, putting $2 million down on a seller-financed loan. With the continued support of the community, the theater will have a new life as an Arts & Film Center, with year-round film and arts programming, live performance, film production, eateries, art, and educational resources.”
The grand reopening is planned for 2028. There will be a press conference making the official announcement Wednesday morning at the theater…