Artist Buys Run-Down Bank for $1, Transforms It Into Arts Center
Three old age ago , Chicago cant Stony Island Savings & Loan wasnearly a 100 old and had been entirely untouched since the 1980s . The roof had caved in and weather took hold of the crumbled infrastructure . To most , it may have seemed best to tear the once - beautiful building down , but Chicago artistTheaster Gates Jr.had other plan . Gates buy the abandoned ship building for a single dollar from the city of Chicago in 2012 and got to work ....