Mega star
Couple Jay Z and Beyonce have just purchased the old Regal Theatre on 79th
street in Chicago, IL for $250,000.
It has been
closed for over a year now and after being restored with City TIFF funds, it
still needs some additional work. Sources say, the plan is to bring
entertainment back to the 2,500 seat venue here in Chicago.
The former
owners of the New Regal Theatre, Edward and Bettianne Gardner, closed the
theater in 2003 after losing money for several years. In 2008, the building was purchased by a group
that included Ron and Regina Evans with the hope of reviving it as a cultural
venue.
However,
it has seen little use. The site did hold a party to celebrate Barack Obama’s
presidential nomination acceptance speech in August 2008.
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