The Pikesville community's hopes of converting the old Pikes Theater to a cultural arts center got a boost from a last-minute agreement under which the Baltimore County Revenue Authority will buy the building for $800,000.
The price is a compromise between the $1 million asking price for the 1937-vintage movie house and the county's appraisal of about $650,000. Revenue Authority Director Kenneth F. Mills Jr. said the Economic Development Commission had given the authority $750,000 last year for the purchase. The authority, a quasi-government agency that builds and operates all of the county's public parking facilities, is to put up the remaining $50,000.
Mr. Mills said the authority will do nothing to the 6,700-square-foot building while the private Pikesville Cultural Arts Foundation Inc. tries to raise enough money to convert it into a performing arts center.