Assuming Circle Theatre receives some $200,000 in grants from the
Art Sundry, owner of the Hain building that houses the theater at
“That was fine with us,” Rula Gardenier, the theater’s managing director said. “We think that’s just fine. It’s not a bad deal.”
Though Sundry emphasized he has not yet agreed to rip up the lease agreement, Gardenier spoke confidently that Circle Theatre’s future will be in
“The bottom line is we are relocating,” Gardenier said. “The last day of our lease in Forest Park is Oct. 31 of 2009.”
The Hain building has been home to Circle Theatre for roughly 18 years, and also houses a video store and 22 residential apartments. Sundry purchased the property for $1.5 million late last year from Greg Paulus.
“[The grants] will coincide with Circle and the property owner agreeing on a lease, so we’re working on all of the arrangements so we’re ready to put it in front of the board as soon as it’s finalized,” Loretta Daly, Oak Park’s business services manager said.
The grants are expected to help the theater pay for renovations and possibly some operating costs. According to Daly, the money is not to be used to pay rent in Forest Park, should the theater be responsible for simultaneous lease agreements. Daly said she expects the village board to sign off on the funding within a few months.
Wednesday Journal reporter Marty Stempniak contributed to this report.