Well, we’ve lost the Madison Theater

 To be honest, it haven’t been the Madison Theater is decades. I think I walked inside it maybe once when it was some trendy bar and i was bar hopping downtown. I was not impressed.

I t burned down last night. Judging by the photographs in the Journal Star, it looks like the upper floors were the most damaged, But water damage probably will wreck the lower floors as well. No work on whether the building can be saved, but I am not counting on that happening.

What caused this fire? No one knows and i doubt we will.

When was the last time a state fire investigator found arson to be the cost of ANY lost historic building in Peoria? Or any important  building where the owners would rather get the Hell out?  It would seem that having a devastating fire is THE was to get out of the obligation of owning any run-down, yet historic building.

Not to cast aspersions on the owners. I am sure sun shines out of their asses, but I am suspicious.

The next step in this “process” would seem to be for the city to come along and declare a total loss and tear it down as a nuisance. Then someone buys the lot and uses it for parking. You know, to make it easier for even more drunks to get loaded at the bars on that block.

I woke up and read about the fire online. Then I told my parents. They were incredulous and recalled many happy memories from their childhoods visiting the theater (because of air conditioning) and the many movies they took us children there as well.  I think Mom took me to see Bambi there. I was enthralled by the ornate walls and ceiling.

As a teenager, I used to WALK DOWNTOWN from my East Bluff home (1000 block of East Frye) to  see movies at the Madison and the catty-corner Palace Theater. This was in the mid 1970s.  And I would walk back uphill. At night. Not one person bothered me. Maybe because I looked like a linebacker from my sophomore year onward. 

 

Please read the Peoria Area Blotter & Politics Blog

 The Peoria Area Blotter and Politics Blog (PeoriaBlotter.com for short) is my latest attempt to start a general interest citizen journalism site in Peoria. I cover crime news, politics and some press releases. And other news that comes my way. Yes. I’m gonna run advertising. And yes, I wanna make some money doing it. So please advertise. Or donate. When I start getting people hooked, I’ll sell subscriptions, Donations are being accepted. Did I already say that?

You see, eventually, the Peoria Journal Star will collapse as GateHouse Media continues to eat itself in it’s orgy of greed and self-destruction. I want my site to be standing when this happens. 

Typical greedy GateHouse behavior on display

This type of sh*t is no longer the news. I now fully expect GateHouse Media to do this short of shit, then run to bankruptcy court to have all their debts forgiven:

Kirk Davis, Chief Operating Officer of GateHouse Media, which is the parent company of the Providence Journal [as well as the Peoria Journal Star as well as almost every other newspaper in this part of the state] received more than $1 million in additional compensation in 2015 over his 2014 income.  During the same period the Providence Journal continued to loss advertising revenue and circulation, and the company made substantial staff reductions in Providence.

Davis’ overall compensation increased from $917,000 in 2014, to $2.1 million, according to SEC documents first reported by Boston Business Journal.

Davis’ compensation increase of over $1.1 million. His 2015 compensation was comprised of a base salary of $500,000, a cash bonus of $600,000 and $1 million came in the award of stock. During the same, the Providence Journal went through two round of layoffs and buyouts.

During the past 12 months, the parent company’s stock has dropped from $23.87 per share to a close on Friday of $15.62 a share — a 34% decrease in stock value.