Big news today that may bring the long, tortured saga of Chicago’s crumbling landmark Congress Theater in Logan Square to a close.
Darryl Holliday of DNAinfo is reporting that a redevelopment plan for the Congress is now underway. The plan calls for significant restoration work on the 90 year old site, including the “modernization of the above-grade residential units into a small inn and residences,” according to a news release from Alderman Joe Moreno.
The redevelopment of the Congress will also take place under new ownership. Embattled owner Eddie Carranza confirmed that he will be selling the Congress to a new leadership group lead by Michael Moyer of PalMet Ventures.
The controversial city ban of all EDM music at the Congress will, however, remain in place after the venue re-opens. Citing “sources close to the case,” DNAinfo states that the prohibition will still be in effect under the new ownership.
Alderman Moreno discussed the deal and the rehabbing of the Chicago music venue on local NPR affiliate WBEZ this morning: