Velvet Underground not closing after all

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Toronto's Velvet Underground is not disappearing after all. Instead, Embrace Entertainment is taking it over and will be revamping the 20-year-old club as a (much needed) live music venue.

The Liberty Entertainment Group closed the Queen West goth club back in September to focus on its portfolio of wine bars.

Despite its new operators, this Toronto mainstay will be keeping its name. So, get ready for re-opening night when the The Velvet Underground 2.0 returns on Friday, February 12.

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