JOLIET – The Rialto Square Theatre board will hold a special workshop meeting aimed at finding more money.
The meeting scheduled for 4 p.m. on July 12 is officially devoted to the topic of "dedicated funding sources," a phrase that generally refers to a tax devoted to support the theater.
But it doesn't necessarily have to be a tax, board Chairman Bob Filotto said Friday.
"As far as I'm concerned, everything is on the table," Filotto said.
Rialto and city officials have talked about developing a dedicated funding source that would assure the theater of annual revenue. The Rialto now depends on a $500,000 subsidy from the city that is optional and sometimes controversial.
Filotto said Rialto board members want to get going on a plan to develop a source of revenues to support the theater.
"The board is anxious that we're not proactively seeking ideas for family sources," Filotto said.
The city had been working on a potential head tax from Chicagoland Speedway to be used to support the Rialto. But Mayor Bob O'Dekirk said the plan fell through when NASCAR vetoed the idea.
O'Dekirk has said that he and city officials are pursuing other ideas for dedicated funding sources, although he has not specified what they may be.
Filotto said he does not know what options the mayor is pursuing.
The Rialto Square Theatre is governed by state civic center legislation that was created with the idea that rents from office space that is part of the property would support theater operations. The concept has never provided sufficient revenues to erase theater deficits, but the Rialto is in the process of hiring a property manager with the intent of attracting more tenants.
"If they can be successful, that should really help and be a source of nice revenue," said board member Jane Condon.
Even so, Condon said, "Our next step is to really address long-term funding"