Beyonce and Jay Z buy Chicago's Regal theater

Hip hop superstar couple Jay Z and Beyonce recently purchased the old Regal Theatre on 79th street in Chicago, IL for a mere $250,000, EBONY reports.

The old theater was closed for a year while undergoing renovations. Jay Z and Beyonce purchased the building after it was restored with city TIFF funds. The couple reportedly plan to bring entertainment back to the 2,500 seat theater.

Beyonce reportedly purchased the theater partly because she attended a party there to celebrate Barack Obama’s presidential nomination acceptance speech in August 2008.

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