Glasser made the announcement March 6 that the city had received two New Jersey state grants that would fully fund the completion of renovations to the Gateway. The combined total of both grants is over $500,000. As reported in Shore News, Glasser commented,"We are very excited about receiving the state funding. This is something we have been waiting for a long time for this to come through...The Gateway and all the people involved have been leasing the theater from the city and have been trying for a long time to refurbish the theater but in this day and age, given the economy, funding sources are just not there."

The Gateway Theater confirmed the news with message "Well, we guess the cat is out of the bag..." posted on the organization's Facebook page.

The 101-year-old Theatre is a non-profit organization with links to the Somers Point economy and the community's history. The theatre was impacted by hurricane Sandy and has been needing renovations for over two years. Work is expected to begin late spring. No reopening date has been announced.