The cinema continued to operate until it closed in 2006 due to taxes the owner owed to the City of Chicago.

[6] Brothers Chris and Mike Schuba started the Lincoln Hall venue.

In 2009, the brothers were already operating their nearby music venue Schubas Tavern, where Dave Matthews, The Avett Brothers, Modest Mouse, Feist, and My Morning Jacket played shows early in their careers.

The Schuba brothers intended Lincoln Hall to serve as a larger version of their other club, and opened it in 2009 with a performance by Mike Doughty.

[7] In 2015, the Schuba brothers sold both music clubs to Audiotree, which continues to operate them as a pair, as of 2021[update].