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Washington's Indiana Theater Drops Selling Price To $50,000

By Indiana Public Media News Staff

Posted February 25, 2012

Washington, Indiana's historic AMC theatre has been on the market since June of last year with no offers. That has provoked AMC to drop the asking price to one-sixth of what it was originally listed for.

AMC's Indiana Theatre has been a part of Washington for more than a century. Director of the Daviess County Historical Society Vincent Sellers says the theater began as an opera house and was converted into a movie theatre in the nineteen-twenties.

"It holds a high sentimental value, as director of the Daviess county historical society, I get a lot of feedback on our Facebook page and personally, where people are interested in the Indiana theatre and they wish to get it re-opened," he says. "They feel like it's a very important part of their own lives."

But no one seemed interested in buying the property when it went on sale last year. Anita Waldrop is a realor with AMC FC Tucker Emge Realtors and is selling the property for AMC. She says the company decided to reduce the price of the theatre from $300,000 to around $50,000 in hopes that the dramatic reduction in price would attract a buyer.

"It's just they reduced it because it is been in the market a year, and they're very much wanting to move it because as buildings sit, they deteriorate," Waldrop says.

Whether AMC sells the theater or not, Washington residents say they are determined the building will remain a key part of the town's history and future.

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