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Forest City, IA: Forest Theatre May Close Unless Buyer is Found

Posted on Thursday, November 24th, 2011 and updated on Friday, March 28th, 2014 2:22 PM

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The Forest Theatre in Forest City, Iowa may close soon if a buyer is not found, according to a recent article in the Globe Gazette:

A Forest City downtown tradition of watching a movie may be gone soon, if no buyer for the Forest Theatre steps forward.Owners Gary Compston and his wife, Cathy, have decided to retire and close the business on Nov. 30. The Compstons have operated the theater downtown since 1973.

The Compstons have been trying to sell the business for three years, but as of this week, there is no buyer, Realtor Pat Lovik of Missal Realty said. The business is listed for $167,000.

Lovik said there been a number of inquiries about buying the theater but none have come to fruition.

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