June, the cruelest month so far, saw L. Walter Stearns, the hardy and well-regarded owner of the Mercury Theater, his elegant two-theater venue in the Lakeview neighborhood, declare his intention to close up shop and sell his building. Charna Halpern, the owner of the iO improv theater in Lincoln Park, facing a tsunami of property taxes, running costs and internal criticism over the climate at her theater, also called it quits.
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