Rochester, MN (KROC AM News) – The Rochester City Council Monday night approved a 5-year operating agreement with a St. Paul firm to oversee the Chateau Theatre until the city adopts a long-range plan for the historic building.

The council earlier this year selected Exhibits Development Group, which plans to organize public events, performances, and exhibits 360 days a year.

EDG CEO Amy Noble Seitz/Kim David, Townsquare Media

EDG CEO and founder Amy Noble Seitz told a Tuesday news conference her staff will be at next week’s Thursdays Downtown event to meet with the community and open the building to the public.

Kim David, Townsquare Media

EDG says its goal is to generate over 120,000 visits per year from the attractions it has planned for the Chateau. Its agreement calls for the city to 10-percent of the profits from the operation, which has been estimated at around $50,000 annually.