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Local interests considered in VillaGaiety takeover

But DED rejected plans for theatre trust

Local bids to run the Villa Marina and Gaiety Theatre will be welcomed by the Department of Economic Development - despite rejecting a plan to establish a trust for stakeholders.

The DED says it's currently making arrangements to seek out a contractor for the complex in the coming months.

Currently there are three UK-based parties showing interest.

But Minister Laurence Skelly says local stakeholders are being taken into account:

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