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..."
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