City of The Dalles and Columbia Gateway Urban Renewal Agency officials will formally hand over the keys to the Granada Theatre to purchasers Chuck Gomez and Debra Liddell at a ceremony on Friday afternoon. The pair own a similar theatre in Watseka, Illinois, and plan on a full historic restoration of the Granada. Urban Renewal purchased the property for $365,410 dollars in 2010, and City Manager Julie Krueger says Gomez and Liddell are paying $60,000 and promising to make $300,000 in improvements over the next three years. Mayor Steve Lawrence says it is a positive move for downtown. The ownership change ceremony will take place on Friday afternoon at 3 p.m. in front of the Granada.