July 29, 2008

Update on Sale of Uptown Theatre

Jam Productions Will solicit city, state help for renovations
By Chris Jones
Chicago Tribune critic

Chicago-based Jam Productions bought the historic Uptown Theatre at a forced judicial sale Tuesday, but it says tens of millions of dollars are needed to reopen the venerable entertainment venue.

Jam said after the sale that the long-suffering theater won't reopen without a major infusion of public money.

"Buying the Uptown is one thing, rehabbing it is another," said Jam principal Jerry Mickelson, whose UTII entity paid $3.2 million for the theater, at 4814 N. Broadway. "This will have to be a partnership between the city, the state and ourselves."

Mickelson said he expects restoration to cost between $30 million and $40 million. "No private entity could afford to put that amount of money into a theater," he said. "The Uptown can only reopen with the necessary funding from the city..."

For complete article and ongoing coverage, go here.

1 comment:

elizabeth said...

My name is Elizabeth and I am a graduate student at Northwestern University. I am currently writing a magazine feature about the blogging community in Uptown and its impact on the community. I would love to get your thoughts on this topic and if possible an interview. I would greatly appreciate anything you have to contribute. Please respond to this comment if you're interested in talking. Thanks.


Related Posts with Thumbnails


Related Posts Widget for Blogs by LinkWithin