William Hanney, who owns Theatre By the Sea in Rhode Island as well as the chain of 10 New England multiplexes known as Entertainment Cinemas, has reached a purchase agreement with Citizens Bank, which acquired the Beverly theater last month.
“This theater is literally ready to reopen,’’ said Hanney, 40, who lives in Brewster. “The phone lines are still there, the computers are still humming.’’
Of course, the interesting questions are still to come. What will the management look like? What did they learn?