An agreement in principle has been struck between the firm that has operated the refurbished Morse since October and the owners of the building.
The two parties fell into a dispute last month over operation of the facility, which opened in October to critical acclaim, after a multimillion-dollar restoration. The theater's operators— Rogers Park Entertainment Ventures Inc.—said last month that the theater might be shuttered.
Instead, 86th Ohio LLC—a corporation based in Illinois—will take over the business operations of Rogers Park Entertainment Ventures.
The focus now is on what's best for the Morse Theatre, the Rogers Park neighborhood and the Chicago entertainment community that has recognized the value of the Morse Theatre as a first-class entertainment venue.
Ed Tracy-- president of Jumpmaster Productions, on behalf of 86th Ohio LLC.
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