A stay of execution for the legendary El Mocambo.
Investment advisor and Dragons’ Den panelist Michael Wekerle has bought the venue for nearly $3.8 million and plans to keep the music playing.
After making his grand announcement outside the College and Spadina bar, Wekerle and his band took to the El Mo stage in celebration last night.
“I had numerous beers here back in my youth,”
“I had numerous beers here back in my youth,” Wekerle said of the bar.
“I saw some great Canadian acts… I want to give the kids a chance to look up and say, ‘I’m going to play the El Mocambo.’ That’s what it’s all about.”
Wekerle says he wants to put in a wraparound bar and that he is going to renovate the rooftop patio.