The old People's Rent To Own building is being converted to a performing arts center and restaurant at a cost of $2.6 million. See
http://www.aurorasentinel.com/news/business/colfax-new-light-auroras-2-6m-peoples-investment-good-grander-vision-falls-short/ Unfortunately, even at that cost, the stage will be to small to accommodate a dance troupe.
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