Overview

• Dan and Holly Carmichael’s Lead Balloon Productions acquired the 1927 landmark at 404 S. Burdick St., announcing the deal Tuesday after closing on Monday.
• The owners plan to restore the John Eberson–designed interior, upgrade safety, accessibility and building flow, modernize technical systems, and work with Wilson Butler Architects on the project.
• A reopening is targeted for 2027 to align with the theater’s centennial, with plans to resume a diverse slate of performances and events.
• The purchase includes the adjacent Harvey’s on the Mall property, and The Grazing Table said it will relocate following the sale; the price was not disclosed.
• Hinman Co., which saved the venue from demolition in 1986 and ran it for decades, endorsed the transition to the Carmichaels.