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WWLTV.com
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NEW ORLEANS -- The State Palace Theater on Canal Street has been purchased by New Orleans developer Gregor Fox.

Fox confirmed the purchase to WWL-TV on Tuesday night.

He told Eyewitness News he plans to renovate both the interior and exterior of the historic building and put the property back into commercial use.

Fox says he wants the space to contribute to the city's arts community and is excited about the redevelopment.

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