to put it another way...
the reason el club was successful was that it tapped into a lucrative market that opened up after the magic stick changed formats, from a rock/punk club into an urban club. the magic stick has had problems attracting people since then, and has quietly started booking rock shows again in the larger theatre downstairs.
with the demise of el club, a large and lucrative market for a rock bar in downtown detroit is again on the table.
this is a huge opportunity...
it just needs a more responsible operator.