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Work maintaining the 19th century building since the theatre’s 2018 closure has involved making the roof watertight, repairing downpipes, cleaning, and removing mould in the basement levels.
The Dunedin City Council has installed monitoring and ventilation equipment to prevent mould returning.
Operation and maintenance costs added up to about $167,000, a council spokesman said.
The building — once the Trinity Methodist Church — dates to 1869 and the professional theatre company moved there in 1978.
The theatre closed in May 2018 because the operation was no longer financially viable without external support.
Professional theatre has not been re-established in Dunedin since.