The ongoing saga of the Rio Theatre's bid to save its site from being sold off is continuing on but there's been a bit of a reprieve—and a reason to party.

Over $500,000 had been raised by the theatre's fundraising campaign (which launched in February) by April 17, though they still have to come up with a $3 million downpayment to purchase the property.

According to the Rio, their campaign is one of the most successful movie-theatre fundraising campaigns on Indiegogo. Although the campaign has ended, they are still accepting donations until May 7 at the theatre. As they're also still seeking investors, interested parties or individuals can contact theatre operator Corinne Lea by email. 

In the meantime, the theatre, which has survived many a battle over the past decade, will be celebrating its 10 years of its current incarnation at 1660 East Broadway on Tuesday (May 1) from 7:30 p.m. to midnight.

The evening, hosted by Talent Time's Paul Anthony, will feature a lineup of entertainers that includes comedians Patrick Maliha, Katie-Ellen Humphries, Eric Fell, Graham Clark, and Simon King; poet Duncan Shields and storyteller T.J. Dawe; singer-songwriter Geoff Berner and beatboxer C.R. Avery; burlesque performers Cherry Ontop and Crystal Precious; and DJ Dunks.

Tickets are $10 in advance or $15 at the door, and full information is available at the Rio Theatre website.