The LA Times music blog, Soundboard, confirms it. Largo owner Mark Flanagan is planning on closing and moving Largo by mid-May to the Coronet Theatre on La Cienega, north of Beverly Blvd.

The Coronet seats 280 in the main room, compared with 120 at the Fairfax venue; it also has a smaller space with a capacity of about 90 where Flanagan plans to book developing bands and comedians. The big room also has one significant attribute that the current location has long been lacking: a genuine stage. As Largo’s signature act for years, Brion will become the artist-in-residence at the new location, which will be dubbed Largo at the Coronet.

Flanagan started operating the Largo with partners in 1992, then took it over himself in 1996 and remodeled it into the music-centered operation it has been since. He said he had long been looking for a larger space, but was adamant about staying in the same part of central Los Angeles, rather than moving downtown or to Silver Lake. And because he was most interested in a vintage theater rather than a newer room in a mini-mall, he is working toward refurbishing the Coronet closer to its former glory. [Soundboard]

The space may also be used for music, comedy and film festivals, film screenings and Sunday afternoon children's events.

Previously on LAist
-- Largo to Close? What's Happening to Fairfax Village?

Photo by chelseagirl via Flickr