Case # 8000 1422 Historic Preservation Commission (City)
Source: Rockford Register Star 1/23/1981
Source: Rockford Register Star 1/15/1987
Opened Aug.3, 1918, originally home to a theater, 4 storefronts, 20 apartments and a basement. A fire nearly destroyed the building in 1980 after restoration it was home to the Rockford Symphony Orchestra, 16,000 square feet of office space and TV studio. The Palmquist family sold the theater in 2000 to a land trust company. Andy Palmquist and his family regained control of the building in 2007. Violinist Itzhak Perlman, Cheap Trick performed on stage. The Senator Obama spoke there in 2005. Bankruptcy judge cleared way for theater sale for $160,000 to the Midway Center Gateway Foundation. Sonny DeLuca, Frank Amato and William Howard created foundation in July to buy and renovate theater Initial fundraising goal in $500,000, but DeLuca said theater has sustained $3 million in water damage over the years. 1 year later, a local businessman launched an ambitious $8 million plan in 2008 to buy and restore building, court documents say Palmquist has a $200,000 balance on building’s mortgage with Commercial Mortgage & Finance building has $55,000 in tax liens plus various unpaid bills. About $11,000 in delinquent 2005 property taxed were purchased by Z Financial LLC, Chicago. Financial filed a motion in bankruptcy court to pursue claim against Palmquist.