I own two historic theater The Majestic Theater in Streator IL and the Will Rogers Theater in Charleston IL.  Both are in dire need of restoration.  Estimated costs are a million dollars each.  The Majestic hosted performances by several well-known stars, such as Groucho Marx, Jack Benny, Ed Wynn, Eddie Cantor, Sophie Tucker and Eva Tanguay.  The Will Rogers is on the National Historic Register.

I am seeking funding for both projects.

My business plan calls for working with the non profit organization Here and Again Inc., an organization dedicated to promoting the arts and entertainment industry as a way to educate and create employment in the entertainment industry. 

My Corporation, Summer House Entertainment Inc will operate the theater as a for profit.  We will attract clients from a 50 plus mile radius of each venue hosting live National Acts opened by local artists who perform in a Here and Again Inc program called Song + Story.   We will also be able to host film festivals and local events as well as first run movies.

The National acts that play the theaters are an economic boom to the communities.  Patrons who attend events will often spend the night (or two) at local hotels, buy gas, and eat in restaurants.  

Raising the quality of life with a vibrant theater attracts employers who want their employees to be happy in the communities in which they live.  This is classic economic development.

Mixing Song + Story participants with National Entertainers gives local up and coming talent the opportunity to network with entertainers who have been successful, giving them more opportunity for success in the entertainment industry.

I am hopeful you see the benefits that I am proposing and help me find a way to fund the projects.  

The Majestic is in an Opportunity Zone 17099964300, TIF and Enterprise Zone and the Will Rogers is also in an Opportunity zone track 17029000500, TIF and Enterprise Zone.

Please let me know if you have any questions.  I will look forward to hearing any suggestions or opportunities you may have to offer.

I may be reached at

Katie Troccoli  katiet1@sbcglobal.net of call or text 815-228-2058

 

Wells Fargo Article Explaining Opportunity Zones

On December 19, 2018 I, with my development team, met with the City Manager of Streator Scot Wrighton.  I was told the City of Streator had no Tax Increment Funds to help re develop the Majestic Theatre.  

On November 13, 2019 I met with the new City Manager of Streator, IL David Plyman.  I was told by Mr. Plyman that the prior City Manager Scot Wrighton had entered into the re development Tax Increment Financing agreement with Beautiful City LLC (Eagle 6) and the Northpoint Development that has cash strapped the City of Streator.  The City of Streator is having a difficult time meeting their financial obligations.  That the downtown TIF (which the Majestic Theatre is in) is supporting the Northpoint TIF.  I was told the City of Streator borrowed money to develop the Northpoint TIF.  Once again, I was told the City has no Tax Increment Financing funds to help with the re development of the Majestic Theatre located in the Downtown Streator TIF. 

TIF Agreement for Eagle 6

Streator Business Development Agreement

 

 

The impact and importance of the performing arts on the cultural and economic life of American cities has been felt since the very first theater and vaudeville houses sprung up on Main Streets throughout the country." ”

Michael R. Schnoering

Starts Wednesday

Starts Wednesday: A Day in the Life of a Movie Palace recalls 1976, the year I spent with my husband and a group of similarly-misguided friends, trying to save the St. George Theater, a classic 2672-seat movie palace in New York City’s most neglected borough, Staten Island.

By Victoria Hallerman

Beautiful wedding in the Majestic Auditorium

Beautiful wedding in the Majestic Auditorium

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