York Theatre Royal sold to conservation trust for £1

York Theatre Royal is to be sold to York Conservation Trust for £1, halfway through a £4.1 million redevelopment.

According to BBC News, the city council agreed the sale to York Conservation Trust (YCT) at a cabinet meeting on Tuesday evening.

The Arts Council, trusts and foundations have already donated £3.6 million to the development

YCT will also invest a further £450k for the theatre’s external repairs.

YCT is also responsible for about 90 historic buildings in York, including Fairfax House, the Assembly Rooms and the De Grey Rooms.

Philip Tick from the charity York Conservation Trust said: “We only buy challenging buildings.”