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Local News

Rialto board meets on sale of Two Rialto Square

2 Rialto Square Building on Friday, Aug. 31, 2018 in Joliet, Ill.
2 Rialto Square Building on Friday, Aug. 31, 2018 in Joliet, Ill.

The Rialto Square Theatre board will meet Thursday to consider the sale of an adjacent office building to real estate developer John Bays.

Bays was the lone bidder for the Two Rialto Square building, which is adjacent to the theater. He offered $350,000 for it.

The board has scheduled a special meeting for 4 p.m. Thursday.

Chairman Robert Filotto said the board likely will meet in closed session to discuss whether to accept, reject or negotiate Bays’ bid. A decision would be made in public. The agenda includes public comment before the closed session.

Two Rialto Square is composed of two buildings totaling 675,000 square feet, with the larger six stories high.

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