JUNEAU -- Plans to renovate an old theater building in Juneau have fallen through.

The Juneau Empire reports that the Juneau Housing Trust and the owners of the Gross 20th Century Theater failed to reach agreement on a plan that would have resulted in more affordable housing and a performing arts theater for the downtown.

The Housing Trust made an offer on the building. But Bob Banghart, chief curator at the Alaska State Museum who has worked on the project for years, says the building owners came back with a price that was out of reach.

The project would have provided 22 housing units, and there were plans to remodel the art deco theater on the building's first floor.