At a meeting held on Friday, July 24, members agreed not to move forward with acquiring the prominent but long-closed site. Recommended reading: Ryde Neighbourhood Board draws further criticism over future of Ryde TheatreShe said: "It is not a decision we have taken lightly. The board commissioned a report to assess the risks associated with a potential purchase. Despite stepping back from a potential acquisition, the board said it remained hopeful a sustainable solution could still be found. Ms Randall added the board would welcome any future proposals backed by a clear and costed plan and would "continue to follow any developments with great interest."