CHAPEL HILL, SC — Although previously reported to be closed permanently, the Varsity Theater will be re-opening under new ownership as a $3 discount house.

Chapel Hill residents Susan and Paul Shareshian have begun working to restore the theater to its former elegance. “We want to bring back the feeling of a classic old-time movie theater and also provide a clean and fun space — with excellent service and a customer-focused staff — where local residents can enjoy a movie at a reasonable price,” says Paul Shareshian in a news release.

Read more in the News Observer.