While not as cool as as my fantasy of NBC renovating the Palladium and renaming it “Studio 60”, the good news is that the Palladium will be getting a major facelift from Live Nation, “the world’s largest live music company”.
Per a press release from City Council President Eric Garcetti’s office, Live Nation CEO Bruce Eskowitz and Garcetti announced today that Live Nation “will enter into a long-term lease agreement to operate, manage and book” the 66 year old venue.
…adding major upgrades to the stage infrastructure to accommodate larger productions. In addition, the venue will get a top to bottom overhaul of all interior and exterior areas that will bring the music hall up to date while preserving the Palladium*s original aesthetic integrity. The renovation will begin immediately and the venue is expected to re-open in Fall 2008.
Early last year the Palladium was close to being sold and possibly razed and coverted into a mixed-use housing development (from FreeLibrary.com).
Now that he’s helped secure the future of the Palladium, what can Garcetti do about getting “Studio 60 on the Sunset Strip” back on the air?
*NOTED: In the comments below, Will reminds me about his post that clearly disagrees with my affinity for the Studio 60 interpretation.