Chicago Theater sold to Madison Square Gardens

Ornate balcony of the Chicago Theater  chicagotheater-atnight.jpg  chicagotheaterstatestreet1.jpg

The Chicago Theatre is being sold to New York’s Madison Square Garden Entertainment, according to a published report.

“Madison Square Garden has agreed in principle to purchase the Chicago Theatre,” according to a statement from a spokesman for Madison Square Garden Entertainment. “However, there remain several additional details that must be worked out before the purchase can be finalized. We look forward to completing the transaction as quickly as possible and will comment further at the appropriate time.”

The 3,600-seat theater is located on State Street in the Loop business district.  It opened in 1921, originally as a lavish movie palace, and features a landmark marquee.