FORT SMITH, ARK. ? A dozen business owners calling themselves the Last Dance Joint Venture say they’re going to buy a topless nightclub in Fort Smith, and then close it down.

The group wants to make sure Stephanie’s Cabaret never reopens as an adults-only business. The price for such an assurance? $700,000.

Developer Bennie Westphal, one of the 12 investors, said the location is too close to a school and a church. Westphal said the partners will likely seek to have the property rezoned and rent it to a commercial tenant.

“I think that’s wonderful news,” city council member Gary Campbell said. “I’m just delighted. That establishment has brought no redeeming quality to Fort Smith.”