After months of fundraising and uncertainty, Arthouse Houston has completed its purchase of the Garden Oaks Theater, saving the 1947 Art Deco cinema from demolition. KHOU 11 reports that the nonprofit closed on the $7.1 million property following a fundraising campaign supported by more than 900 donors, including Houston-raised filmmakers Wes Anderson and Richard Linklater. The group plans to restore the theater and transform it into an arts and film center, with a reopening anticipated in 2028.