Published Feb 01, 2017Toronto concertgoers haven't heard much good news as of late when it comes to the city's live music venues, with the Silver Dollar Room, the Hoxton, Hugh's Room and DIY space SoyBomb HQ all announcing closures last month. Now, though, another one of the city's storied spaces is moving one step closer to reopening.
BlogTO reports that El Mocambo Tavern owner Michael Wekerle has partnered with the city's INK Entertainment to take over operations of the club, which is set to reopen its doors in the summer of 2017. The entertainment company, which also runs the city's Rebel Nightclub and EDM festival Veld, among other properties, will reportedly oversee the venue's revitalization.
The publication also reports that a press release promises a "state-of-the-art live music venue, event space, and recording and production facility, offering great music, food, beverages and merchandise, as well as live streaming capabilities for shows and events." The recording studio will reportedly be overseen by producer and sound engineer Eddie Kramer.
Wekerle, who is also a successful financier and star on CBC's Dragons' Den, purchased the club in 2014 to save it from closure. Apart from its iconic palm tree sign, the venue has been recognized for hosting bands like Blondie, U2, Fats Domino and the Rolling Stones throughout the years.