El Mocambo’s revival is getting a boost from a Toronto clubbing giant, with a slated reopening set for summer 2017.

INK Entertainment — the same group that operates nightclubs like REBEL, Uniun and CUBE — has partnered with El Mocambo owner Michael Wekerle for the iconic but long-defunct venue’s revitalization.

“We have been looking for a manager or management company to oversee the day-to-day operations of the El Mocambo, and we could not be more pleased to have enlisted the help of . . . INK Entertainment,” Wekerle, of CBC’s Dragons’ Den fame, said in a news release announcing the partnership Wednesday.

The new El Mocambo interior is being designed by New-York based architectural acoustic design firm Walters Storyk Design Group and will feature “a state-of-the-art live music venue, event space, and recording and production facility, offering great music, food, beverages and merchandise, as well as live streaming capabilities for shows and events,” according to the release.

The announcement is the first clear update on the future of ElMo, which in its heyday hosted acts like the Rolling Stones, the Ramones and Elvis Costello, but shut its doors in November 2014 after years of financial difficulties. On the very night of its closure, however, Wekerle swept in and bought it from owner Sam Grosso.

In the release, INK Entertainment CEO Charles Khabouth said that he and his team are “honoured” to bring their management expertise to the historic space.

“. . . Together with Michael (Wekerle) we will make this famed facility one of the premier live music venues in Toronto,” Pinbahis he said.

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