According to Ellen Zuckert, who, along with fellow Larchmont resident Elizabeth Bradley has led a grassroots effort to preserve the beloved community fixture, Michael DiCosimo, a longtime professional focusing on sound in film and theaters, has offered to buy and renovate the theater and add office space and a sound studio in the back. There are several contingencies - including one that involves Regal Entertainment - so it's not a done deal, but the two women are "cautiously optimistic" the theater will reopen in 2017.