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HUGE Improv Theater is moving to a bigger home in Minneapolis

It's buying an art supply store and moving in next year.

HUGE Improv Theater is moving into a HUGER space in Minneapolis, after announcing it's closing on the purchase of its new permanent home.

The popular comedy troupe has been operating from its current rented premises at 3037 Lyndale Avenue South for the past eight years, but that will come to an end next year.

It announced on Monday it's in the process of buying the space that currently houses art supply store Art Materials three blocks away at 27th and Lyndale.

It will be allowing Art Materials to rent the building back from them for up to 15 months, with a view to HUGE making the jump to 2728 Lyndale by the end of next year.

The move is being taken in part due to the "phenomenal growth" it's experienced over the past 8 years, which the theater says has left it "busting at the seams, short on space for classes, audience, storage and general operations."

"The new building will more than triple our square footage, providing room for a bigger theater, more rehearsal/classrooms, a larger lobby, a proper office, and more restrooms," it says on its website.

"This will allow us to continue supporting our growing, diversifying community the way we should."

Owning a building, it adds, will give it more control and certainty over its future in the LynLake neighborhood, an area it says is being "eaten up by commercial development."

In order to complete the sale though, it needs some help on the financial side, aiming to raise at least $640,000 by September for the downpayment and $3.2 million over the next few years to own the building entirely.

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It has launched a wide-ranging fundraising campaign that includes a donation drive, a request for large financial gifts, and selling "bricks" in their new theater lobby for $1,000 a piece.

The nonprofit troupe has been entertaining audiences since 2005, and the nonprofit is perhaps best-known for its 28-hour Improvathon that is runs as part of Give To The Max Day.

While initially completely volunteer run, HUGE has been paying its improvisors for each show for the past 6 years.

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