Mr. and Mrs. Jay-Z and Beyoncé Carter have made a fortune through past years with their musical ability. They are smart investors and entrepreneurs that have businesses with profits in the millions. From Jay-Z’s ownership with the Brooklyn Nets to his recent sports agency , ‘Roc-Nation’ shows he’s making all the right moves financially.
Well, add one more purchase to the list; Jay-Z and Beyonce recently purchased the old Regal Theatre on 79th street in Chicago, IL for a mere $250,000.
It has been closed for over a year now and after being restored with City TIFF funds, it still needs some additional work. Plans include bringing entertainment back first class to the 2,500 seat venue in Chicago.
Sources say entertainment will include top hip-hop and RnB artist, comedians, and gospel performers. Yes, that right. Mr. Shawn Corey Carter and his lovely wife Beyoncé Giselle Knowles-Carter’s new venue will host top gospel artist’s concerts.
The former owners of the New Regal Theatre, Edward and Bettianne Gardner, closed the theater in 2003 after losing money for several years. In 2008, the building was purchased by a group that included Ron and Regina Evans with the hope of reviving it as a cultural venue.] However, it has seen little use. The site did hold a party to celebrate Barack Obama’s presidential nomination acceptance speech in August 2008.
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