Recently, the Chicago Planning Commission Approved a 75 million project to rennovate the Uptown Theater. Final approval is needed by the City Council before the project can start.
Jam Productions and Farpoint Development plan to restore the Uptown Theater as a 4,831 movie movie and concert venue at 4816 N. Broadway.
The joint venture will buy a 31,000 square foot parking lot near the theater at 1130 West Lawrence Avenue for one dollar from the city of Chicago.
Several sources of funding have been obtained including $13 million in TIF funding.
The theater building has been closed since 1981.