Club Xanadu's co-owner RECoyote Mindes informed the Newser that the venue would be closing it's doors to events. There are no plans to reopen, at least for now.
Xanadu, occasionally called "The Vinyl Museum," is jointly owned by RECoyote and Perri Prinz. The building is a classic rock club named for the movie in which the Pan Pacific Auditorium is restored to a nightclub. There have been several periods of hiatus when real-life interfered with the management, but the building has always stood there since it's construction.
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