Joffrey Abandons Plans For New Home

The Joffrey Ballet has given up on plans to renovate and build a new home, due to soaring costs. “The 48,000-square-foot structure, which has been appraised at $4.5 million, was in substantial disrepair. Construction bids to renovate the building ballooned to the upper $30 million range.”

Source: Chicago Tribune - 01/23/05