The El Mocambo, one of Toronto's most iconic live music venues, looks to finished according to the venue's Facebook page and reports on social media. A Facebook post by co-owner Sam Grosso says of a November 6th show that "its [sic] all coming to end and were going to finish off with a blowout of a show all for a good cause." Oddly, however, this show is now taking place at the Hard Rock Cafe.

The venue was originally put on the market back in March at an asking price just shy of $4 million. Current speculation is that a computer store is set to takeover the space, but we've yet to receive confirmation from the owners that this is the case. It does, however, sound like one of the city's longest running concert venues is done, which would also put one of the city's most iconic signs in jeopardy.

The sign was meticulously restored back in 2012. If the El Mo is indeed done as a live music space, someone needs to save this bit of Toronto history. We will update with more details once we get in touch with the owners.

Update (1:30pm): Owner Sam Grosso has confirmed that the El Mo has been conditionally sold, but points out that the deal could still fall through at the last minute. The prospective buyer has yet to be revealed.

Photo by Chris Luckhardt in the blogTO Flickr pool.