Iconic Brisbane venue The Tivoli has reportedly been saved from demolition, with a group of passionate music lovers coming together to buy it.

The venue had been earmarked by the O’Rourke family since 1999. When they announced their intentions to sell the venue earlier this year, it looked destined to be demolished, with the property listing playing up its potential as a “prime inner city development site”.

However, Fairfax Media reports that a group of white knights — including former Brisbane Powerhouse producer Dave Sleswick, his brother Steven and Jerome Dalton from Dalton Catering — have raised enough money to buy the venue, and will ensure it remains a live music venue.

The group has already inked an agreement with the seller to purchase The Tivoli for almost $9 million, seemingly securing the venue’s future.

“It’s exactly what Brisbane wanted to happen to it,” a source involved with the sale told Fairfax Media.

“It is to be retained as a music venue so they will keep with the live music but include more performing arts, functions and events.

“But basically it will be doing exactly what it has been doing.”

It’s great news for local music lovers, many of whom had petitioned to have the venue heritage listed to ensure it couldn’t be knocked down.

When the O’Rourke family put the venue up for sale in February, they didn’t rule out the possibility of the buyer continuing to run it as a live music venue.

“We love The Tivoli and are proud of the business we built in a relatively short time, but my mum now needs care and my four sisters all have families, so it’s time for us to move on,” family spokesperson John O’Rourke said at the time.

“Maybe the next decade will see another change for The Tivoli, maybe an owner-operator will buy and continue what we started, but regardless, it holds many special memories for our family.”

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