Complex sentence: The theater has been credited as contributing to the performing arts renaissance in Chicago, and has been favorably reviewed for its acoustics, sightlines, proscenium and for providing a home base for numerous performing organizations.
Split into simpler sentences: The theater has been credited as contributing to the performing arts renaissance in Chicago. It has been favorably reviewed for its acoustics, sightlines, proscenium and its general purpose of providing a home base for numerous performing organizations.