The Rialto apparently will not get the city subsidy in 2017, although one city council member said he intends to put the question to a vote next week. Without the money, it’s not clear how the theater will sustain itself next year.
“We’re investigating our options,” Rialto attorney David Silverman said.
The council at its special meeting last week never voted on an intergovernmental agreement proposed by the Rialto, which outlines city access to financial information while asking for $500,000.
Councilman Pat Mudron, who serves as the council’s liaison to the Rialto and supports funding, said he intends to call for a vote Tuesday on the $500,000 request.
“In my mind, there has to be a vote,” Mudron said. “Then, when it’s on the record, we’ll see how our people vote.”
The City Council will vote Tuesday on a resolution to pursue a change in the state statute that created the Will County Metropolitan Exposition and Auditorium Authority, the formal name of the government body that oversees the Rialto.
Walsh noted that the state has provided millions of dollars used in renovations of the Rialto theater and adjacent office space owned by the authority, and may want compensation before giving up its interest in the property.
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