Yeap, our beloved Palladium has been sold for $55 Million! http://la.curbed.com/archives/2012/...reader_comments
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time to find a new venue in hollywood insomniac.
Seems like it rides on the buyout of Live Nations contract now.
55m? Doesn't seem like that much to be honest.
lame... that's my favorite venue lately for dance music. Someone should build a megaclub a-la Liv or Pacha in Hollywood. That would be legit.
quote:Originally posted by henryv 55m? Doesn't seem like that much to be honest. When it was announced it was for sale earlier in the year, it was said they could get upto $60 million.
What event would make more money than prydz? Not sure if it would necessarily mean no more events there just because the owner has changed.
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^^^^ I believe the new owner wants to tear it down and build a high-rise condo building or something.
Ah, I see. I'm still not sure though if they would make more money than having big concerts a few times a week. Interesting...
quote:Originally posted by DaveT ^^^^ I believe the new owner wants to tear it down and build a high-rise condo building or something. Damn, that's a shame. I really loved that venue. Glad I went to Armin in August then.
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