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For decades, live music has poured from the Agora Theatre. Throughout its history, it has housed some of the biggest acts from Bruce Springsteen to Grand Funk Railroad. Now, the Cleveland landmark is embarking on yet another journey -- this time for a neighborhood revival.

The LoConti family, who has maintained the building for the last 25 years, is donating the facility to MidTown Cleveland Inc.

Hemingway Development is set to partner with MidTown Cleveland to restore the legendary Euclid Avenue music venue.

"MidTown's vision is to develop and renovate the entire neighborhood and it's going to be an exciting transition to watch," said Joseph E. LoConti. "We aren't just handing over a building and walking away; this is a partnership and we are really excited to contribute to the revitalization of the entire area."

This project will also transform the Agora's adjacent office building into an IT business center that supports collaboration as well as access to technology and creativity.

According to Henry LoConti, he says he feels this change will not only help bring the Agora back to where it was but make it even bigger and better. "It is important to us that the Agora will live on, but the much larger picture is changing the perception of the neighborhood, which is part of a larger initiative," said Henry LoConti.

Originally dubbed the Metropolitan Theatre, the building first opened in 1913 before closing in 1975.Ten years later, the LoConti family reopened the Agora on Euclid after a fire consumed the previous location.

WKYC-TV