Landmark Branson theater has new owner
BRANSON (AP) - A landmark Branson theater that has been vacant since 2008 is once again under new ownership.
KYTV reports Los Angeles-based Kuvera Partners bought the Grand Palace Theater last week for $2.7 million. The seller was the Federal Deposit Insurance Corporation, which foreclosed on the property in 2011 when a previous owner defaulted on a loan.
The Grand Palace opened on a 13-acre site in 1992 and hosted shows over the years by such entertainers as Loretta Lynn, Bill Cosby, Jeff Foxworthy and the Rockettes.
Kuvera Partners already operates the Hollywood Wax Museum Entertainment Center on Missouri 76 through a Branson subsidiary. The company said in a statement that it's exploring options for the Grand Palace and will do extensive research before deciding on the theater's future.