Village Theatre Signs New Lease
CHICAGO, IL — The June 8, 2006 edition of THE SKYLINE (a free local Chicago newspaper) reports that the Village Art Theatret has extended its lease for another year.
Although a theatre preservationist had said that Alderman Burton Natarus (42nd Ward) told him that a pharmacy could possibly replace the theatre and the adjoining restaurant, the theatre will remain in business.
Jonathon Fine, president of Preservation Chicago had said that Natarus had informed him of the possible changes on the property. Fine had said that the group is firmly opposed to any changes to or demolition of the 1916 theatre’s facade.
Ron Rooding, CEO of Village Entertainment, said he recently signed a one year lease on the building with an option for a five-year renewal. Since signing the new lease, Rooding says that he hopes to make improvements to the theatre. The Village Theatre — apparently the “Art” designation has been dropped — has lost money over the past year or so because it hasn’t been able to steadily book good movies according to Rooding. He hopes to change all that, saying that when a good movie plays at the Village, it does very well.
Rooding, whose Village Entertainment has theatres in four states, says that he will talk to the owners about sinking big money into the theatre, adding stadium seating, and improving the sound system, washrooms, and facades. He adds that his company takes older theatres and renovates them and takes losers and makes winners.
(For the complete article, go to www.pioneerlocal.com.))