Rock and bankrolled: $3 million campaign to save The Tote might not secure sale, owners say

the tote

The Tote. Source: The Last Chance Rock and Roll Bar / Instagram

After a legendary gig comes the encore.

So too in the campaign to save Melbourne’s The Tote hotel, as its current owners declare the $3 million raised by a history-making crowdfunding campaign may not be enough to protect the live music venue from redevelopment.

The Tote’s co-owners Jon Perring and Sam Crupi said on Saturday that an attempt to take over the venue remains under discussion, just hours after the completion of a crowdfunding campaign pledging to preserve one of the nation’s most notable live music venues.

The Tote, a decades-old home to local and touring acts, went up for sale in March, with owners Perring and Crupi saying the financial and personal toll of COVID-19 restrictions left them with “no petrol left in the tank.

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