Bloggy Goodness: Pete Shapiro Buys The Cap

A little over a year ago we reported that after not hosting rock shows for well over a decade, Pete Shapiro had struck a long-term deal with the Capitol Theatre to bring music back to the legendary rock palace. Shapiro reportedly spent $2 million to lovingly restore and renovate the historic venue, which since reopening back in September has garnered rave reviews from concert goers. Earlier this week Shapiro upped his venue portfolio, as according to the New York Times the concert impresario went from renter to owner when he finalized a deal to pay $11.5 million to buy the Cap from its previous owner Marvin Ravikoff.

Finally, while we’re happy to see that Mr. Shapiro will have the Cap under his guidance for the long-term, we are conversely sad to report that The Living Room will be forced to close its doors at the end of the month when their lease expires citing the rising cost of their rent as the culprit. The pass-the-hat venue on Manhattan’s Lower East Side, which famously helped break Norah Jones in the early aughts, first opened in 1988 at a small space on the corner of Stanton and Allen Street, eventually moving to their current location at 154 Ludlow Street roughly a decade ago. The venue owners are promising to reopen at a new space next spring, and are currently asking for help to off-set the relocation costs via a crowd-source campaign using PledgeMusic. The Living Room will mark the final weeks at its current location with a week-long celebration from January 20 – 26, which is expected to feature a number of the venue’s alumni.

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One thought on “Bloggy Goodness: Pete Shapiro Buys The Cap

  1. P_A_N_I_C Reply

    Just saw Dumpstaphunk and the Funky Meters on New Years at the Cap, and I must say it was the nicest indoor venue I have ever been at for a concert. Absolutely beautiful rwnovations, great and friendly staff, and really easy bar access all over the venue. Cant wait to see another show, bring on Widespread Panic!

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