First Avenue, the legendary Minneapolis club that was the venue around which the movie Purple Rain was set, closed on the 2nd of November due to its owners declaring bankruptcy due to debts amounting to $200,000. The building of 701st, First Avenue, was converted from a bus station into a music venue in 1970 and has played host to many small and big-name acts such as Nirvana and U2 and in 1981 – Prince. Prince last performed at the club in 1987. But is was in 1983 when the club became internationally famous as the setting for Purple Rain in 1983. There were contingency plans to reopen the club at a new location in the city. The federal bankruptcy court has since ruled that the club will be allowed to reopen even as early as the 20th of November, however its long term future remains questionable.

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