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FORM 8-K
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of
Report (Date of earliest event reported): February 2, 1995
THE CHICAGO DOCK AND CANAL TRUST
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(Exact name of registrant as specified in its charter)
ILLINOIS 0-13804 36-2476640
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(State of Incorporation) (Commission (IRS Employer
File Number) Identification No.)
455 EAST ILLINOIS STREET, SUITE 565
CHICAGO, ILLINOIS 60611
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(Address of principal executive offices) (Zip Code)
(312) 467-1870
(Registrant's telephone number, including area code)
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ITEM 5. OTHER EVENTS.
On February 2, 1995, the Trust issued a press release, a copy of which is
attached.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
THE CHICAGO DOCK AND CANAL TRUST
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(Registrant)
By: /s/ David R. Tinkham
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David R. Tinkham, Vice President
Dated: February 3, 1995
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FROM: MARCY MONYEK AND ASSOCIATES FOR: THE CHICAGO DOCK AND CANAL TRUST
55 West Wacker Drive 455 East Illinois Street
Chicago, Illinois 60601 Chicago, Illinois 60611
312/263-2135 312/467-1870
Contact: Laura Cain Contact: David R. Tinkham
FOR IMMEDIATE RELEASE
THE CHICAGO DOCK AND CANAL TRUST (NASDAQ/DOCKS)
COMPLETES SALE OF LAND FOR PERFORMING ARTS THEATER
CHICAGO, February 2, 1995 -- The Chicago Dock and Canal Trust and the
Chicago Music and Dance Theater, Inc. have completed the sale of a parcel of
land located in Cityfront Center which will be the site of a new 1,500 seat
performing arts theater. The Trust and the Theater recently reached agreement
on the key issues regarding the design and location of the building, paving the
way for construction of the theater.
"We are very excited about the impending arrival of the Chicago Music and
Dance Theater to Cityfront Center" said Charles R. Gardner, president of the
Trust. "Its location in Cityfront Center is ideal for the theater and its
patrons. It is easily accessable, adjacent to existing parking and surrounded
by excellent restaurants and hotels. The theater adds yet another amenity to
what is already the most desirable location in Chicago."
The Chicago Music and Dance Theater is continuing its fund raising
campaign for the theater, having secured commitments in excess of $20 million
out of the total $33 million project budget.
"We are pleased with our success in securing pledges for this most needed
theater," said Sandra Guthman, chair of the board of the Chicago Music and Dance
Theater. "We believe the completion of this facility will enhance the financial
and artistic viability of the music and dance companies who will perform at the
theater. Our current schedule is to break ground in late 1995 and open in
1997."
Cityfront Center, an established mixed-use development located on prime,
downtown Chicago lakefront land, is The Chicago Dock and Canal Trust's primary
real estate investment. Within the
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development, the Trust owns the land under the 1,200 room Sheraton Chicago Hotel
and Towers and approximately 14 acres of land to be developed. It also owns the
Midrise portion of Cityfront Place (a 904-unit residential complex) and
one-third of the partnership which owns the Highrise portion.
The Chicago Dock and Canal Trust is a real estate investment trust
engaged primarily in the business of acquiring and holding real estate and
interests in real estate for investment.
Formed in 1962, the Trust is successor to The Chicago Dock and Canal
Company which was founded in 1857 by Chicago's first mayor, William Ogden. The
Chicago Dock and Canal Trust is traded on NASDAQ under the trading symbol
DOCKS.
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