Coverage from NBC5

Uptown Theater Sold For $3 Million

CHICAGO -- The historic Uptown Theater at Lawrence and Broadway was auctioned off Tuesday morning, but the sale needs to be approved before it becomes final.

A company formed by Jam Productions was the only bidder at the auction. A Jam associate, Jerry Mickelson, previously told Crain's Real Estate Daily that the company plans to renovate the theater.

The final purchase price was $3.2 million. Foreclosure court must still approve the sale, the Sun-Times reported.

The theater could become the center of a new Uptown music district that would include the nearby Green Mill, Riviera Theater and Aragon Ballroom.

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