Joliet City Manager Jim Hock introduced Tuesday night to the City Council a proposal and path for the city to take over the Rialto Square Theatre.
Tuesday night, Hock proposed the city adopt a resolution asking state lawmakers to introduce legislation that transfers ownership of the Rialto and its properties from the Will County Metropolitan Exposition and Auditorium Authority, commonly called the Rialto board, to the city.
State Sen. Pat McGuire, D-Joliet, whose district includes the Rialto, said Wednesday a local problem calls for a local solution. He said his understanding is the Rialto made the pitch for an intergovernmental agreement in an attempt to answer the city’s concerns about the Rialto's financial transparency.
McGuire said he hopes the city will negotiate with the Rialto and reach an amended intergovernmental agreement to keep the Rialto open.
Read More: http://www.theherald-news.com/2016/12/07/timeline-for-joliets-rialto-takeover-proposal-is-uncertain/a16j613/