The Roseville Arts Center had planned to renovate the Tower into a venue, which would include concerts, plays and other events.

The board of directors announced this week that plans for the $5.5 million renovation of the theater, located on Vernon Street directly behind Haman House, would be dropped.

The city remains hopeful that the owners of Magic Circle Theater, also located on Vernon Street, will step in to renovate the Tower Theater. The owners have presented preliminary concepts for a restoration to the city, which include transforming the theater into a 200-seat theater-in-the-round.

The Magic Circle Theater is under lease at the Roseville Theater. The owners recently renovated the 76-year-old theater for its current use.

The Tower Theater is owned by the city of Roseville, which acquired the property through a donation by developer Angelo Tsakopoulos in 1989. The Roseville Arts Center has led an ongoing project since then to renovate the Tower Theater, restoring the theater's lobby and exterior.

The city offered to sell the theater to the arts center last summer for $1 and donate $1 million toward the renovation. However, the arts center cannot begin renovation until the funds are stable.