Concerned Citizens of Chatham:
Stonehenge Capital Company, LLC is pleased to announce today it has commenced financing on a $10 million Illinois NMTC allocation that will enable ICE Development, L.L.C. to renovate and reopen the ICE Lawndale Theaters, make improvements to the ICE Chatham Theater (200 W 87th) , and pay down outstanding debt. The investment by Stonehenge is expected to create and preserve 99 jobs.
“On behalf of ICE Development, we would like to express our deep gratitude to Stonehenge for enabling us to reopen ICE Lawndale Theaters and to make improvements to ICE Chatham Theater which are two projects that will provide a much needed economic boost to underserved areas,” said Donzell Starks, co-owner of ICE Development, L.L.C. His wife and co-owner, Alisa Starks, continued, “We respect that we could not do what we are doing without the Illinois New Markets Development Program, and for that we are also very grateful to our elected officials who had the vision to create the initiative.”
Certainly great news. ICE can reopen one of theaters that they shuttered over three years ago and they can get to work on the Chatham 14 theaters as well. Hopefully the best is yet to come.
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