The Joffrey Ballet launched its first Chicago capital campaign on March 7, 2007.
 As of May 2008, it has raised $30 million towards a goal of $35 million for Joffrey Tower construction costs and an endowment.
 When the purchase was finalized, the Joffrey had $2.5 million in reserves and the state had recently approved a $4 million grant.
The construction costs alone were estimated to be $21 million.
 The fundraising enticements include the possibility that for $10 million a corporate donor could acquire renaming rights to the entire building and for lesser amounts they could acquire naming rights for various specific spaces.
 Facility details released at the hard hat preview and launch include the following:
A dedicated entrance and elevators on Randolph Street, with a lobby box office selling tickets to company events.

A "black box" theater space that will serve primarily as a full-company rehearsal space but, with its lighting booth and fully foldable seating for 144, also can double as an intimate showcase for open rehearsals, works-in-progress viewings and more.
When unused, the studio also can be rented to visiting dance companies.

An additional six rehearsal studios with high ceilings and no obstructions.
The Joffrey could use these for classes if it starts a school here.
For now they will be the site of activities related to the Joffrey's extensive outreach school programs.

Locker rooms, dressing rooms, showers, wardrobe and laundry suites, a lounge, physical therapy areas, and artistic and executive staff offices.

A Green roof to cover the Joffrey part of the building.

In Chicago, the administration and the performers had previously been in separate buildings.
 The Joffrey Ballet had rented both a 17,000-square-foot (1,600 m²) rehearsal studio at 17 N. State Street, which it leased in July 2005, and administrative offices at 70 E. Lake Street.
 The Joffrey now has the company's creative leadership, dancers, administration, technical staff, guest artists, students, and apprentices united under one roof, creating streamlined operations and a more efficient and accomplished organization.
 The new space nearly doubles the current space.
The new permanent state of the art facilities enable The Joffrey to recruit and retain elite dancers and simultaneously attract world-class performers, guest artists and collaborators.
The planned space allows the company to rehearse and present more of its repertoire, mount additional full-length ballets, extend its apprentice program, launch additional revivals, and provide young dancers and choreographers the opportunity to train and present their new works.
The Joffrey Ballet launched its first Chicago capital campaign on March 7, 2007.  As of May 2008, it has raised $30 million towards a goal of $35 million for Joffrey Tower construction costs and an endowment.  When the purchase was finalized, the Joffrey had $2.5 million in reserves and the state had recently approved a $4 million grant. The construction costs alone were estimated to be $21 million.  The fundraising enticements include the possibility that for $10 million a corporate donor could acquire renaming rights to the entire building and for lesser amounts they could acquire naming rights for various specific spaces.  Facility details released at the hard hat preview and launch include the following:
A dedicated entrance and elevators on Randolph Street, with a lobby box office selling tickets to company events.
A "black box" theater space that will serve primarily as a full-company rehearsal space but, with its lighting booth and fully foldable seating for 144, also can double as an intimate showcase for open rehearsals, works-in-progress viewings and more. When unused, the studio also can be rented to visiting dance companies.
An additional six rehearsal studios with high ceilings and no obstructions. The Joffrey could use these for classes if it starts a school here. For now they will be the site of activities related to the Joffrey's extensive outreach school programs.
Locker rooms, dressing rooms, showers, wardrobe and laundry suites, a lounge, physical therapy areas, and artistic and executive staff offices.
A Green roof to cover the Joffrey part of the building.
In Chicago, the administration and the performers had previously been in separate buildings.  The Joffrey Ballet had rented both a 17,000-square-foot (1,600 m²) rehearsal studio at 17 N. State Street, which it leased in July 2005, and administrative offices at 70 E. Lake Street.  The Joffrey now has the company's creative leadership, dancers, administration, technical staff, guest artists, students, and apprentices united under one roof, creating streamlined operations and a more efficient and accomplished organization.  The new space nearly doubles the current space. The new permanent state of the art facilities enable The Joffrey to recruit and retain elite dancers and simultaneously attract world-class performers, guest artists and collaborators. The planned space allows the company to rehearse and present more of its repertoire, mount additional full-length ballets, extend its apprentice program, launch additional revivals, and provide young dancers and choreographers the opportunity to train and present their new works.
Joffrey Tower