Evanston aldermen tonight are scheduled to approve a lease of a city-owned building at 721-723 Howard St. to become the new home of the theater company Theo Ubique.
The lease calls for a ten year initial term with four five-year renewal options. Rent would be $42,000 a year for the first three years and the theater group is to make six payments totaling $204,450 to the city to cover a portion of the cost of renovating the building.
The cost of the renovation project has been estimated at roughtly $1.4 million.
A diagram of the proposed layout for the new theater space on Howard.
Theo Ubique, which has been in operation since 1997, currently performs at the No Exit Cafe at 6970 N. Glenwood in Chicago. It offers a cabaret style theater experience. The new space in Evanston would roughly double the theater group's seating capacity to 86.
The aldermen tonight are also scheduled to approve a contract with Ross Barney Architects for $150,455 to provide architectural services for the project.
The project will be funded from the city's Capital Improvement Program and the Howard Ridge TIF is to issue debt and pay the debt service costs for the project.
The City Council last November authorized the city manager to negotiate the agreement with Theo Ubique.
Brewery and theater projects advance (12/1/16)
EDC backs Howard theater plan (1/18/16)