Sources say the Valarium and Cider House, the warehouse club and its adjacent bar/venue located just outside of downtown in the shadows of Interstates 40 and 275, will close at the end of November. Owner Gary Mitchell said he would issue a statement on the subject later today.
The Valarium opened in 2007 in the space formerly occupied by the Orpheus and the Electric Ballroom. In April of this year, Mitchell announced plans to turn a parking lot next to the clubs into an outdoor music park for national touring acts, but also hinted at the clubs' financial struggles.
"Right after we opened, the economy got so bad that it wasn't viable," he said in an interview at the time. "Now we're operating on a wing and prayer, hoping that the economy will be viable again."
During the last five years, the Valarium has hosted a wide range of local, regional, and national acts, including Dinosaur Jr., Mumford and Sons, the Drive-By Truckers, N.E.R.D., and, just last month, reunited New York avant-rock band Swans. The Valarium also dominated the city's dance scene, with its weekly Saturday dance nights, the regular Midnight Voyage concerts held on most Friday nights, and frequent appearances by dubstep/EDM stars like Shpongle and Skrillex.
More details as they're available.