The the DC Commission on the Arts and¬†Humanities¬†announced last week that it will put the Lincoln Theatre up for lease this January.¬†Potential¬†operators interested in leasing the theaer must submit letters by January 18.
The historic U Street theatre, 1215 U¬†Street NW, has struggled to maintain an owner and turn a profit for some time. The Comission on the Arts and Humanities¬†took over the theatre last January after the city ended its contract with the U Street Theatre Foundation.
This past July,¬†Mayor Gray announced that the city was seeking a new operator¬†for¬†the Lincoln Theatre, but the Washington Business Journal reports that the RFP, released in August, did not generate any quality proposals.
Now, instead of leasing the Lincoln to¬†an operator, the government will lease the¬†Lincoln¬†to a¬†commercial entity or nonprofit for a period of five to 10 years, with one¬†five-year option, the Washington Business Journal reports.