A rendering of the interior of the planned Sylvee, Madison, Wis.

The Franks like to keep it in the family. That explains why the Madison, Wis.-based Frank Productions team is building a new 2,500-capacity state-of-the-art theater in its hometown called the Sylvee in honor of the company's late cofounder, Sylvia Frank, who died in 2006. Over the years, the family has brought everyone from Frank Sinatra and David Bowie to the city, along with staging massive concerts with Pink Floyd,...

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