Steep Theatre Co. would convert a former Edgewater Christian Science Reading Room into a new venue and headquarters through $3 million in Tax Increment Financing (TIF) support proposed to City Council today by Mayor Lori E. Lightfoot.

The $5 million project at 5300-18 N. Kenmore Ave. would create a black-box theater and community gathering space within the 3,500-square-foot structure, which is located two blocks east of Steep’s current venue.

The project will help the ensemble, founded in 2000, to retain four existing jobs, add six permanent positions and contract with 200 artists and technicians every year.

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