The current owners are still working to finalize a deal with a new, permanent owner to hopefully take over in April.
SEE ALSO | Pickwick Theatre in Park Ridge finalizing deal with new owners to reopen
In the meantime, the Copernicus Foundation, a Chicago nonprofit, will join the Vlahakis and Loomos Family to form Copernicus @ The Pickwick.
The building, which dates back to 1928, will maintain its movie theater status, but will also be able to house other entertainment, like concerts and performances. Opening shows and acts are expected to begin in September.