SIOUX CITY, Iowa — A performing arts group wants to buy and refurbish a historic building in downtown Sioux City, with plans for a 200-plus seat theater, cabaret-style bar and classrooms.

The Sioux City Journal reports that the Sioux City Council will decide on Monday whether to approve the Lamb Arts Regional Theatre’s project.

The theater is seeking approval for a development agreement. The deal would award the theater a $350,000 loan, which would be used to purchase the property from a private owner.

The nonprofit plans to launch a fundraising campaign to repay the loan and pay for the restoration.

City documents say the theater group has leased the former Webster School building for more than 30 years, but has outgrown the space.

The downtown building has been vacant since February.