The Paradise Theatre in West Allis, Wisconsin may be purchased by the city, if funding can be found, according to a December 4, 2009 article in WestAllisNOW:

The city is exploring whether there is any historic preservation money to aid in the redevelopment of the Paradise Theater, 6229 W. Greenfield Ave.

Officials are in the early stages of seeing whether state funds are available to help the city purchase the property, with the ultimate goal of getting it into the hands of a private developer, city Planner Shaun Mueller said.

A follow-up article in the same publication on December 15, 2009 provided a little more detail:

The building is now owned by the State Bank of Chilton after a foreclosure. The Paradise Family Life Center was the latest tenant, holding religious services there for about four years.

The group that ran the church, Ziklag Global Investments, was forced out due to the foreclosure and after the Common Council last year revoked its special-use permit.

:

[West Allis Historical Society president Devan Gracyalny] has been told the building is eligible for the National Register of Historic Places and he hopes grant money can help revitalize the building.

"I think it's a wonderful building and I would hope it can be saved either privately or through a private-public joint partnership," he said.