It’s a music venue — two, actually — and a studio and the cornerstone of a nascent record label. Michael Wekerle says the new El Mocambo “is being built for the next 50 years” and ...

<p>The El Mocambo nightclub, an iconic Toronto venue, was sold Monday for $3 million. The venue has seen the Rolling Stones, Elvis Costello, U2, Lou Reed, Stevie Ray Vaughan, the Ramones, Queens ...

El Mocambo pictured in 2015. INK Entertainment is partnering with owner Michael Wekerle for the legendary venue’s revitalization, with a reopening slated for summer 2017.