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Timeline Theatre Announces They Are Ending Plans To Occupy The Theatre Space At Trumbull

auditorium-2In a statement put out today by Timeline Theatre, it was officially announced that they will end further development plans to occupy the theatre space at the old Trumbull School.

Back in August 2015, Timeline’s participation in a development deal with Svigos Development to take over the first floor and auditorium of Trumbull School was met with excitement. Unfortunately, Timeline’s renovation plans conflicted with the tax credit guidelines due to Trumbull school’s landmarking process.

“TimeLine embarked on a complex, year-long collaboration to develop financial and architectural plans that could meet both the theatre’s artistic and operational needs as well as the developer’s needs, which included pursuing federal historic preservation tax credits,” said TimeLine Board President John M. Sirek in the press release. “After extensive and exhaustive work, it has become clear that there is an inherent conflict between what renovations are allowed in order to meet the requirements related to the developer’s tax credits, and what renovations are essential to meet TimeLine’s goal of building a flexible and intimate home that supports the technical and audience engagement needs of our professional theatre.”

Svigos Development remains the contract purchaser of Trumbull school. According to Alderman Patrick O’Connor, Svigos will close on Trumbull school in late October ad they remain committed to bringing a theatre company to its auditorium.

The Alderman said in a statement, “Timeline and Svigos Development, along with my office and numerous representatives from the City and Board of Education, have worked extensively for over a year to attempt to make this partnership a success. This is not a reflection on the effort put forth by any party. The land-marking process for the building added complication to the project that simply made it too difficult for Timeline to make Trumbull their home. I wish Timeline the best in finding the right space moving forward.”

Timeline Theatre will also continue its search for a new home. TimeLine Managing Director Elizabeth K. Auman said, “TimeLine Theatre plans to be a vital contributor to the cultural life of Chicago for a very long time, and we are determined to find a new home that will support that.”

 


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