Despite the launch of a GoFundMe page, Amoeba Music co-owner Jim Henderson says that construction on their new space will begin shortly, with a fall opening anticipated.
California Gov. Gavin Newsom announces efforts to expand coronavirus testing as a key factor in determining when to ease stay-at-home orders.Most pressing, Henderson said, was ensuring that customers understood the plight of Amoeba’s staff. He called the GoFundMe campaign “an opportunity to help keep our staff whole with health benefits being covered, and to help bridge the gap.” Amoeba has applied for loans under the CARES Act, Henderson says, but has yet to receive a response.
Still, that $34-million sale price suggests Amoeba might have a cushion. Asked whether the real estate transaction gave Amoeba’s ownership some wiggle room, Henderson said no. Calling the reported sale price “a bit of a thorn in our side,” he noted that the number has “always come without any context. It is a nice number for people to throw out there and to put in print that paints a picture of eternal wealth.
In a practical sense, the obligations and timetable puts into question whether it even makes financial sense for Amoeba to reopen at the 6400 Sunset Blvd. location or focus its energy toward a reawakening at Argyle and Hollywood. Will customers be able to shop in the old location one last time? Will there be a closing party?Its customer base would likely show up for a send-off. Since Amoeba’s Hollywood grand opening, the store has hosted hundreds of in-store concerts and album-signing events.
While the future is uncertain, he concluded, “We’re still on track and moving forward with the Argyle plan. And I’m looking forward to a fall opening.”
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