Basildon District Council in the UK has selected a partner for the proposed £1bn ($1.5bn) regeneration of the town centre.
Development partner Basildon Regeneration will create the master plan for the 20-year regeneration project over the next year.
The plan will also include the creation of 1,900 homes and 52,000m² of retail and leisure space.
The Towngate Theatre, featuring two auditoriums, may be partly rebuilt and the capacity of the main auditorium stadium doubled to 1,200.
The cost of the theatre project would be between £10m ($15m) and £15m ($23m) and is dependent on the availability of funds, according to thestage.co.uk.