In a press release issued today from Paramount Theatre, Mayor Richard C. Irvin and Paramount Theater announce that the Stolp Island Theatre will be downtown Aurora’s next live performance venue thanks to a multi-year funding commitment from Verano Holdings Corp. (CSE: VRNO) and its Zen Leaf cannabis dispensary brand. The Theatre will provide an immersive performance experience for guests. The riverwalk-adjacent location at 5 E. Downer Place will open for performances in summer 2022.
Paramount officials plan to announce the Theatre’s first immersive show in the coming months. Officials expect to produce more than 400 performances annually. According to officials, the new venue will add $3.3 million to Aurora’s annual economy by inducing spend by guests and attracting out-of-town guests to the downtown area.