Brisbane music venue The Zoo closes its Fortitude Valley doors in another ... trends now
An iconic Aussie music venue will soon close for good, just months after recording its biggest year yet in terms of patrons.
The Zoo in Brisbane's Fortitude Valley has made the 'impossibly hard' decision that it's no longer viable to stay open due to high cost of living pressures.
Opened in 1992, it's one of the longest standing live music venues in Australia and has hosted countless high profile bands over the years, including Powderfinger.
The much loved venue will close on July 8 in the latest blow to the Australian live music.
'Sadly, the financial reality of keeping music venues afloat in 2024 is all too stark,' The Zoo said in a statement.
The Zoo in Brisbane 's Fortitude Valley has made the 'impossibly hard' decision to close in July
The iconic live music venue The Zoo (pictured) in Brisbane's Fortitude Valley has been operating in 1992 but will close on July 8 because of rising operational costs
'The Zoo reached its highest ticket sales in its 32-year history last year, yet this was still not enough to combat rising operational costs, and decreasing returns.
'As a music venue, we try our best to keep venue hire costs as low as possible for artists and promoters, which means that the financial risks are on the venue, and we depend on bar sales for profit.'
Despite record attendance figures, the venue has taken a hit with the increasing cost of alcohol as drink sales plummeting.
Managers also revealed the venue has been unprofitable for more
