The BBC reports that "Councillors have agreed to fund a rescue package for the Theatre Royal but sources close to the Margate theatre are not happy with the results.
Thanet District Council, Kent County Council and the Arts Council South East are together contributing £210,000 to save Margate's Georgian Theatre Royal.
Thanet's chief executive Richard Samuel said the theatre was in financial difficulty, with substantial debts but that the council intended to lease the theatre back to the trust to enable it to continue the business - but with additional financial support.
The theatre, which opened in 1787, is said to be haunted by one of its 19th Century managers, Sarah Thorne.
It has had various uses, including a military barracks, a chapel, a furniture warehouse and bingo hall and was mothballed several times before it was bought by the trust in 1992.
Owner, Margate Theatre Royal Trust, has said it is committed to selling it to Thanet District Council.
"The reason for the sale is that without it the trust cannot repay its substantial debts, which run into three figures," said Mr Samuel."
However, a source writing to ThanetLife comments: "My main concern is that a loyal audience (painstakingly built up and nurtured over the last few years) are now being hoodwinked into thinking 'their' Theatre Royal is safe, but then suddenly discover, too late, it's been replaced by yet another arty farty 'community' project and the staff and volunteers they know, have gone."
What do you think, a good result for the future or the end of the road for a Margate landmark?