TimeLine Theatre’s planned $40 million Uptown performance venue will be supported by up to $14 million in Tax Increment Financing approved by City Council today.

Being built within the vacant W.C. Reebie & Brother warehouse at 5035 N. Broadway, the four-story project will create a 250-seat theater and rehearsal, office, hospitality and community spaces.

Founded 25 years ago in Lake View, TimeLine Theatre’s move to a new location will increase educational opportunities and expanded programming with Chicago Public Schools, among other enhancements.

The TIF funding will be provided from the Lawrence/Broadway TIF district as a $10 million forgivable loan and a $4 million loan to be repaid after project completion.

The project is estimated to retain 12 permanent full-time jobs, 14 part-time jobs, and create 200 construction jobs. Initial performances are anticipated in early 2026.

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