Oh come on! Shanghai only just finally got a decent mid-large venue for rock acts and now Mao Livehouse might soon be a goner. Allegedly, says China Music Radar, the owners of the real estate that Mao Livehouse sits on have decided that they can make a ton more money by tearing down that area of Red Town and turning it into… well, nobody’s sure, though CNNGo says “high-rise apartment complex.” Update! The organizers say that reports of their demise are greatly exaggerated: “Soma and Bad News (the Japanese investors) are committed to continuing Mao regardless of the physical space. The landlord has assured them that if/when they lose the lease, it will be with ample advance notice for them to find a new venue.” Phew, good to hear!