June 24, 1942 – The State’s Attorney files a
foreclosure suit against the Auditorium building at 430 South Michigan Avenue
as plans move forward to auction the building’s art and furnishings. The building, with its combined hotel,
theater, and offices, owes $1,346,584 in county taxes and penalties. Plans are for the property to be sold to the
highest bidder within 60 days. If no
buyer is willing to buy the building for a significant portion of the amount
owed in back taxes, the county controller is authorized to bid on the building
for the amount of those taxes. If that
occurs and the owners do not repay that amount within two years, the property can
then be sold to the highest bidder who will receive a clear title. Everything will go – theater scenery, 3,665
seats, glassware from the bar, even the chairs from the boxes where the elite
of Chicago society once sat to escape the smoke and the smell of the city.
Posts
No comments:
Post a Comment