UPDATE 19/04/18: The Basement has been saved, sort-of
Local musician Danny G Felix broke the news that the beloved venue was shutting down and said that it was being turned into office spaces but The Basement’s management have maintained that they were not kicked out.
The management took to Facebook to explain the situation saying that they have worked with property managers AMP Capital, “to end the lease ahead of its expiry.”
“To be clear, the current premises no longer works for The Basement and AMP Capital has not kicked us out, but rather supported us during this change.”
AMP further told Fairfax that there are no intentions to turn the space into offices.
The Basement management will now look for a new spot for the venue.
“While we are thankful for that support, long-term it doesn’t make sense for us to continue in the current space as we are looking to find a permanent home and long term solution that is better suited to us,” they wrote.
“We are looking at a number of options so watch this space as we look to move The Basement into a new era and continue as one of the longest running live music venues in Sydney.”
All ticketholders for gigs at the venue in the coming months will be contacted by ticketing agent moshtix over the next few days.
“Thank you again for all your support, farewell for now,” they concluded in their Facebook post.