Recently, the Chicago Planning Commission approved a 69 million dollar proposed renovation of the Congress Theater building. The only step needed in the process is Chicago City Council approval. Tentative start date will be in 2019.
Developer Michael Moyer is slated to receive 9.65 million dollars in TIF funds.
The proposal included the following: creation of 14 apartments and a 50 room in the theater building; construction of a 7 story building in a nearby parking lot. This building will have retail space and 72 residences. Moyer plans to resume concerts in the 4,900 seats theater.