The Great Venue Glut Caused By All-In-One Music Complexes [Overbuilding]

Los Angeles is about to have a problem on its hands: Too many music venues. Three new concert halls are opening within the next two months, a curious expansion as the city adjusts to an economy that Variety describes as "faltering." (That's one way of putting it!) The remodeled Palladium (4,000 capacity) opens Oct. 15 with a Jay-Z concert; it's located between two Live Nation-owned venues that hold 6,000 and 2,000 people. Club Nokia (2,300 capacity) will open in November; downstairs from that...

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