The Majestic Theatre was sold today, with the new owners confident they can transform the King Street site into a nationally known live music venue.
A small investment group from outside Wisconsin paid $1.35 million for the historic vaudeville theater at 115 King St., a price that includes the building and equipment left from its previous life as a dance club featuring hip-hop DJs.
“This is going to be an entirely different operation. It’s not going to be $12 all you can drink,” said Matt Gerding, a native of Kansas City who spent the past three years working in Los Angeles, booking acts into Midwest clubs, including Madison’s High Noon Saloon, the Annex and the former Luther’s Blues.