The one-story building with 7,000 square feet of space will be turned into a community theater, WLAD said.
Mayor Mark Boughton said he believes renovations can be done quickly and inexpensively to set up the building to provide a first-class venue for concerts and shows, WLAD said. The purchase does not include the adjoining bar.
The Tree House Comedy Club has asked about renting the space for 50 nights a year, and inquiries have also been made by the Richter Park Musicals and the Danbury Music Centre, the story said.
The nightclub was closed after its operator, 21-year-old Ian Bick, was sentenced last fall to three years in prison for defrauding his investors through a Ponzi scheme.
Click here to read the story at the WLAD-AM website.
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