ATLANTA (AP) - The Woodruff Arts Center in Atlanta says it has agreed to sell the 14th Street Playhouse to the Savannah College of Art and Design.
The organizations said in a news release Thursday that the Woodruff Arts Center is selling the playhouse to the school for $1.9 million.
The expansion will complement SCAD's M.A. and M.F.A. film and television degree programs, which began in Atlanta in 2013.
The Woodruff Arts Center plans to invest the proceeds from the sale in the arts in Atlanta, including giving $1 million to The Community Foundation for Greater Atlanta. The foundation plans to create a fund to serve performing arts organizations, particularly theater and dance companies.
The arts center plans to use the remaining proceeds to design programs with local artists across multiple artistic disciplines.