Rumor is that Beyonce and Jay Z purchased the New Regal Theater in the Chi.
The theater was reportedly purchased for the sum of $250,000, and the buyer is reportedly the power couple. The New Regal Theater which seats 2,500 people was first opened in 1927 as the Avalon Theater, and it closed down in 2003 because of money loss. However, the venue once played hosts to the likes of Etta James, Miles Davis, Billy Holiday and Nat King Cole.
We'll update once we get confirmation of this story either way.