Are there any plans for the old Cameo movie theater on Main St?

I hear a lot of ideas about what to do with it whenever the topic comes up in conversation. The idea of renovating it and using it as a space for community theater productions seems to be the most popular. However, apparently there's no real back stage provision in this former movie theater so the other realistic possibility is to renovate it and use it as a classic movie house showing , well, old classics! There are concerns about how to raise the money for this kind of major renovation. It'll be great for community revitalization to make it some kind of Main Street show-piece.