Chicago’s Lookingglass Theatre is one of country’s best. But it’s hardly wealthy. Which just makes the deal for its new $5.5 million, two-theater complex located in the middle of the city’s high-rent Magnificent Mile retail area more amazing. If the theatre were paying market rent for its new 16,000-square-foot facility, “it would be spending millions of dollars per month ($4.8 million if you do the math and ignore the discounting that can go on in real estate deals).” But “it has signed a 10-year lease with the City of Chicago, with an option to extend for a further 10 years. The rent is $1 per year.”