Toronto's historic El Mocambo venue returns to the market

April 11, 2025, 3:21 pm

Toronto’s iconic El Mocambo concert venue, famed for hosting legendary acts like The Rolling Stones and U2 over its 77-year history, is once again up for sale. The renewal of its market presence follows financial difficulties, including significant loan defaults that have clouded its future. With its storied past and cultural significance at stake, the latest development invites speculation about potential new ownership and the venue’s prospects in retaining its legacy as a cornerstone of Toronto’s music scene.

globalnews.ca / El Mocambo: Legendary Toronto concert venue hits the market again

It's the latest turn for the 77-year-old venue, which has hosted generations of rock royalty, including the Rolling Stones, U2 and the White Stripes.

citynews.ca / Michael Wekerle’s revamped El Mocambo concert venue up for sale again

Toronto’s iconic El Mocambo is up for sale after former “Dragon’s Den” investor Michael Wekerle defaulted on nearly $56 million in loans tied to the venue, leading an Ontario court to appoint EY to manage the property.

2 stories from 2 sources in 6 days ago ... #economy #finance #urban #business #culture #ontario

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Toronto's historic El Mocambo venue returns to the market

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