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Inside Chicago’s Legendary Uptown Theatre: 100 Years of Rock, Ruin, and a $190 Million Resurrection

By Tom Barnas
8/15/2025

It’s a hundred years old, forty-four years dark, and still the most hauntingly beautiful room in Chicago you can’t get into. The Uptown Theatre — a Spanish Baroque dream palace with 4,300 velvet seats, gilded balconies, and enough history to fill a library — has been closed since 1981. But step inside, and you can still hear the echo of Bruce Springsteen’s growl, the wail of AC/DC’s amps, the sweet smoke of Bob Marley’s last Chicago show, and the Dead stretching time on their final Uptown set.

When Balaban and Katz opened it in 1925, designed by the legendary Rapp and Rapp, the Uptown wasn’t just a movie house — it was a cathedral of spectacle. The largest free-standing theater in North America, sprawling over 46,000 square feet, it was a place where ordinary Chicagoans could brush up against the extraordinary.

By the mid-’70s, it had transformed into a rock-and-roll fortress. Prince played here. J. Geils Band closed it down. And behind the curtain, promoter Jerry Mickelson was holding it all together with grit, cash, and space heaters — $70,000 a winter just to keep the pipes from bursting. In ’81, when the owners couldn’t pay to keep the lights on, Mickelson pulled the plug. The Uptown slipped into silence.

Since buying the building at a foreclosure auction in 2008, Mickelson has already poured $12 million into keeping the old beauty from collapsing. The dream? A full-scale resurrection — a $190 million restoration that would return the Uptown as Chicago’s crown jewel for concerts and events. The reality? Funding’s still elusive, and no theater restoration in U.S. history has ever carried a price tag this steep.

Still, in a city that worships its music, its architecture, and its grit, hope is a stubborn thing. Uptown may be crumbling, but it’s not forgotten. And if the day comes when those doors swing open again, it won’t just be another venue — it’ll be a resurrection.

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