I was very disturbed to find this bit of information today. Here's the link to a story about plans to tear down the Nortown Theater and replace it with condos. Admittedly, the building is not in good condition, but the project plans that were published last year incorporated the theater rather than tearing it down.

http://yochicago.com/today/new-construction/2077_2077/

It's sad that over the past years the building has been so unappreciated that it has been allowed to slip into its current dilapidated state, which makes it easier for some to say "it's blighted, just tear it down".