Business & Tech
UPDATE: Circuit Nightclub Closes Over Owner Issues
Circuit Nightclub closes until further notice, citing a huge spike in rent costs, but the building manager calls the public letter about rent cost "absolutely and completely false."
Popular Boystown nightclub Circuit near the corner of North Halsted and Addison streets is closed until further notice, the bar's website is reporting.
Circuit's owner Mike Macharello wrote a letter published Friday on the bar's website detailing issues with the club's landlord, saying he "continues to raise the rent on us by thousands of dollars."
However, Franklin L. Friedman of Sterling Properties, which manages the building, says Macharello's statement is "absolutely and completely false," ChicagoPride.com reports.
Find out what's happening in Lakeviewfor free with the latest updates from Patch.
Friedman said he actually negotiated a significant rent reduction in August of 2010 due to the poor economy, it reads in ChicagoPride.com's story. In addition, Patrick Harms, a co-owner of Circuit, told the publication he and Macharello have been unable to reach a common ground about the business practices at the night club.
Macharello says the bar will be closed until further notice, but he promises to reopen a new and improved bar when the issues are resolved.
Find out what's happening in Lakeviewfor free with the latest updates from Patch.
His full-length letter reads:
Hello, this is Mike, I'm the owner of Circuit. The club is temporarily closed so I can bring you a new and improved Circuit 5.0! At this time I must renegotiate the lease with my landlord for the rental space Circuit is currently located at.
As you know, the economy has not been too good over the last few years, however business at Circuit has been good. My landlord continues to raise the rent on us by thousands of dollars and all the money you spend at Circuit, the majority goes to him! I do not want that for myself, for you or the future of Circuit.
So right now I am trying to work a deal out with him so that I, along with the club has a better future, where the money that you spend at Circuit will go directly back into Circuit to make it a better club experience for you and all to enjoy!
Hopefully this process won't take me very long to work out... so please check back, I will keep you posted!
XOXO,
Mike Macharello, owner of Circuit Night Club
Macharello has been unable to reached for a comment.
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