(AP) Portland Dance Studio is going public, as part of a plan to raise money to buy the former Portland Dance studio.
The studio’s owners say the move is the culmination of their desire to invest in a more sustainable business model.
The Portland Dance is the only dance studio in the Portland area.
It was founded in 1993 and offers classes for adults, ages 18 and up, with a full-time staff of 30.
The studio closed in February after a six-year run.
A new owner bought the studio in December, but the company has been in limbo for months.
In November, the company announced it was moving to a new home in the Uptown neighborhood.
The new owners said the new owners plan to invest $100 million in the studio, which has about 200 students.
They plan to open the studio’s doors in 2018.
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