WILLIAMSBURG, Va. (WVEC) -- A beloved landmark in Colonial Williamsburg has closed its doors for the final time.

The Kimball Theatre hosted its last show Wednesday night, but some groups are still fighting to save it tonight.

The Kimball Theatre has been a landmark in the community for more than 80 years.

The theatre is closing one week after the President and CEO of the Colonial Williamsburg Foundation announced the foundation is facing serious financial challenges.

By the end of 2016, the foundation’s debt burden stood at more than $300-million, with due dates for repayment coming very soon.

The Kimball Theatre has lost money every year for the past 18 years, including a $782,000 loss last year.

Now, members of one organization have their eyes towards the future-- a future with the Kimball Theatre.

Steve Rose is the president of the non-profit organization Culturefix. They're fighting to reopen the theatre, and they're asking the community to rally behind them.

“It's a meeting, a spot, the place where I've seen unique shows,” Rose says. “There are a lot of groups who want to save it, just how do we do it?”

In a statement from Colonial Williamsburg it reads:

“We cannot comment on details of pending real estate matters, but we are pleased to have received inquiries from multiple local parties interested in the theater.”

Rose believes this is the potential beginning of a new era for the Kimball Theatre.

“We're confident,” Rose says.

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