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Cambridge trust sells assets to meet rebuilding debt

The Cambridge Arts Trust is selling off its main assets, including the Arts Cinema, in an attempt to stem inancial damage caused by the Lottery-funded redevelopment of the Arts Theatre. Last week the Trust believed itself to be 'days away' from financial collapse, but its immediate problems have been stemmed by a £50,000 handout from the Arts Council, and completion of the sale of the Festival Theatre to become a Buddhist centre.

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