I believe the story behind it goes somewhat like this: there was a rich man who loved a woman who unfortunately failed to become admitted to the famous opera house in New York (forgot what this was called too...). So he decided to construct an even greater opera house for her in Chicago where she could be a part of whatever she wanted.
Unfortunately, immediately after the construction had completed, the Great Depression arrived and the man instantly became bankrupt, and the opera house was sold and became something else (although I think I may have my facts slightly wrong here, this is basically what happened... if anyone can correct me I'd really appreciate!)
I was wondering if anyone knew the name of the building, the man, and if there's a term commonly used when people describe this incident? I'm trying to go to Chicago with some friends this winter, and would like to be able to recount this story to them (somewhat like a tour guide!).