BAY ST. LOUIS, Miss. (AP) — A long-vacant theater in Mississippi has been purchased.

The Hancock County Chamber of Commerce reported the A&G Theater, which has been vacant for over 40 years, is going to be restored to its former glory as a multi-purpose performance space for several things including movies and live entertainment.

News outlets report New Orleans real estate developers Jim and Catherine MacPhaille purchased the theatre and plan a multi-million-dollar renovation.

Jim MacPhaille said they are excited to get this project moving, as the old A&G Theatre is an important historical icon and a local community asset.