The Tivoli Theatre could be the latest piece to the James Street North revitalization puzzle, after rumours of a possible buyer for the dormant theatre have surfaced.
Belma Diamante, CEO of the Canadian Ballet Youth Ensemble, bought the theatre for just one dollar in 2004 (when the theatre was already closed) from the Sniderman family – after a wall collapsed on the south side of the building – and the theatre has been closed ever since.
Earlier this week, Diamante has revealed that there is a serious buyer but she has not disclosed who it is.
Built in stages from 1875 to 1924, the Tivoli Theatre was originally a carriage factory and in 1924 it became a vaudeville venue and movie house. Later, in 1995 it became a venue for live stage until it was closed in 2004.
After the theatre was closed, the city spent over $300,000 to demolish much of the front of the building, including the façade. There have also been some contributions in the form of grants for building stabilization and heating improvements.
“The old auditorium has been empty for a number of years” said Mark Wilson, a member of the Head-of-the-Lake Historical Society who wrote about the history of Tivoli Theatre in the book Vanished Hamilton IV. “To revamp it, it’s going to be huge, huge money.”
Jason Farr, Ward 2 Councilor, says that a renovated Tivoli would further help with the James Street revival and there are numerous grants for which the potential buyer could apply.
“Whomever the purchaser is, if they’re not aware, there is a number of incentives for them,” said Farr.
The buyer could apply for CIT (Communities In Transition) grants, as well as heritage grants (the theatre is on the “Top Ten Most Endangered” list on Heritage Canada’s website).
“Whether it’s live music, or stage venues, or Die Hard, I have some very fond memories [in Tivoli Theatre] and I think a lot of Hamiltonians do too and to hear that there’s some progressive movements afoot is music to my ears,” said Farr.