Beyonce & Jay-Z DID NOT Purchase The Regal Theater In Chicago


Well, it seems like those reports that surfaced a few days ago about Beyonce and Jay-Z purchasing the iconic Regal Theater in Chicago are false. News broke that the power couple forked over $250,000 to purchase the theater that's been home to Chicago since 1927.

After further investigation, NBC found out that two celebrities are behind the purchase, but it is not BeyJay. Also, the sale is still pending for whoever bought the theater. Nothing is finilazied yet. I'm sure news will break as soon as those coins come through. Check out the report below.
Jet Magazine reported the South Side theater was purchased for $250,000. The FDIC confirmed the building is under contract but would not confirm on the record the celebrities were behind the deal. 
A source familiar with the deal who wished to remain anonymous because of the pending sale, however, said the Beyonce and Jay Z rumor is inaccurate.
The 2,500-seat landmark theater opened in 1927 on East 79th Street as the Avalon Theater and was closed in 2003 by its previous owners after seeing the theater lose money for years.
The New Regal once hosted the likes of Nat King Cole, Billie Holiday, Etta James and Miles Davis.

Source: NBC Chicago

I got all excited for nothing!!! 

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