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Private Company To Renovate Lincoln Park's Theatre On The Lake

CHICAGO (CBS) -- The Chicago Park District is letting a private company design, renovate and operate a revitalized Theatre on the Lake building with a storied history.

It's a $6-million project. WBBM Political Editor Craig Dellimore reports from City Hall.

It once housed children suffering from Tuberculosis, but for decades the Theatre on the Lake has meant Entertainment.

Park District Superintendent Mike Kelly says a new developer will give it new life.

"The redesign will preserve the historical aesthetics of this architectural treasure," Kelly said. "And create the perfect space to continue enjoying world-class theatre performances."

43rd Ward Alderman Michele Smith said the $6-million plan to renovate the historic Theatre on the Lake building will be a welcome boost for a rundown place that has been hosting performances, but only in the warmer months.

"Theatre on the Lake, in this building, has been a symbol in Lincoln Park for well-over 100 years," Smith said. "Starting out as a facility helping out children with Tuberculosis, and now, fortunately that scourges behind us, being reclaimed as a place of beauty and a place of arts, so fitting."

The Chicago Park District's given a private developer permission to modernize the inside of the building to accommodate a theatre, a restaurant and banquet facilities. And it will be open year round.

Meghan Beals, Artistic Director for Chicago Dramatists, is thrilled the facility will feature a year-round stage and a restaurant.

"For 60-plus years, Theatre of the Lake has showcased and supported small theatre companies from all around Chicago," Beals said. "From the theatrical guild in the 50's and 60's, to the storefront theatres in the 90's up until today."

Lakefront Hospitality Group won the 10-year contract.

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