Victory Gardens buys Biograph:Victory Gardens Theatre will buy the Biograph, at 2433 N. Lincoln Ave., for $2 million and spend $7-$8 million renovating it into a new 299-seat main stage - increasing capacity by 50%, a 130-seat studio theatre, a rehearsal hall and space for special events. Funds will come from a $1.5 million Illinois First program and $2.5 million in special direct funding from the city. Victory Gardens will retain its home down the street from the Biograph, converted a small studio into offices and renting the rest of the building. The movie theatre ends operations in September and a grand opening for Victory Gardens is slated for September, 2005(from ReelChicago.com).
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