El Mocambo Tavern bought in 11th hour deal

[Esau.]

http://globalnews.ca/news/1654803/el-mocambo-music-hall-to-host-final-concert-thursday-night/

 

 

 

 

TORONTO – The owners of Toronto’s historic El Mocambo Tavern say an eleventh-hour buyer has come forward to save the music hall but won’t say who is buying the venue.

 

“You’ll find out tonight at 11 p.m.,” owner Sam Grosso said in an interview Thursday.

 

The CBC is reporting that Dragons’ Den cast member Michael Wekerle is the prospective buyer.

 

The National Post reported the new buyer, who they did not name as Wekerle, has submitted a deposit cheque and wants to keep the famed concert hall going.

 

The iconic venue had been a mainstay on the Spadina Ave. strip since 1946. Grosso said potential buyers “came out of the woodwork” last month after he put the iconic neon sign on Ebay.

 

“A lot of people came out and were looking to see what was going on,” Grosso said. “And there was another offer on the table and we just kind of had to navigate through it and see what was going on and make sure it was the right purchaser.”

 

A Parkinson’s benefit concert is scheduled to grace the stage from 6 p.m. and 2 a.m. Thursday night.

 

Grosso said on Global News’ The Morning Show Thursday morning the cost of maintaining the music hall was just too great and the place was losing money.

[boiler]

wow, that's cool. Lots of great memories in that place. Wassabi Collective on Halloween was just plain silliness.

[DevO]

http://www.thestar.com/news/gta/2014/11/06/el_mos_11thhour_reprieve_not_quite_certain_owner_says.html

[Rary8]

I learned of that place from Days Of You... as I learned of most places from..   Good to see it lives!