Is the Uptown Theater Project Really Going to Start?

    After many proposal over the years, it appears that the 75 million dollar restoration project of the 93 year old Uptown Theater may begin summer of 2019.  Apparently, the Chicago Community Development Commission is to be informed of this on November, 2018.

     The Commission is set to approve the public financial elements of the restoration project for Jam Productions and Farpoint Development.  It is also expected to approve the sale (for $1) of a 31,000 square foot city owned parking lot at 1030 West Lawrence to support the theater operations.

     The Commission is set to announce the firms involved in the project.  Lead architect will be the firm Lamar Johnson Collaborative.   They will work with Schuler Shook ( a well known theater restoration firm).  Other members were MacRostie Historic Advisors (specialist in using tax credits as a part of Historic theater rennovations), Farfront Structural Engineers, Wiss, Janney, Elstner Associates (facade restoration), WMA Conrad  Consulting Engineers (working on building mechanical guts),Conrad Schmitt Studios (Consulting on historic finishes needed for a Rapp and Rapp movie palace)

     City of Chicago is confident that the project has adequate financing.  Current financing is from multiple sources.    13 million from TIF.  14 million in property assessed clean energy financing.  3 million in adopt a landmark financing.   The bulk of the remaining $75 million is from investments from Jam and Farpoint and commercial bank loans.

     Projected opening of the Uptown is 2021.  Please note some of these promises have been heard before.

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