An agreement to lease the Hippodrome Theater in the Linck Block on West Fourth Street near Campbell Street immediately upon decision of the state supreme court determining the validity of the lease of the property, purchased by Frank Plankenhorn some time ago, has been signed by Plankenhorn and Milton Forman, vice president and general manager of the recently organized Hippodrome Theater Company. The lease will continue for at least 10 years.

Associated with Mr. Forman are Norman Hill, Max Lindheimer and Carl Herdic, all of this city.

In connection with the plans of operation it was announced that the theater will offer a presentation of high-class films and metropolitan plays.

The theater will be entirely renovated and redecorated, complete with new projection equipment and a new motion picture screen will be erected and the Moeller organ presently used with be thoroughly overhauled.

It was also announced that during the new company’s first year of operation all seats will be removed and new opera chairs similar to those in metropolitan theaters will be installed.

Mr. Forman, who will manage the theater, has been involved with theatrical enterprises for many years.

Since leaving Keeney’s Theater and since the organization of the new company, Mr. Forman has been engaged in looking over several other theaters, with the view of extending the holdings of the local company.