Vancouver's Railway Club closing says owner

Vancouver's Railway Club is closing after the owners were unable to find a buyer for the iconic music venue, according to a post Wednesday afternoon on the club's Facebook page.

"The Owners and management of the Railway Club are sorry to announce the closure of the business, effective immediately," the statement reads.

"A concerted and very public effort to sell the club over the last few months has seen no buyer come forward."

• Upcoming sale of iconic Vancouver music venue worries Canadian musicians

The Railway, which first opened in 1931 and started hosting musicians in 1981, was put up for sale last year, leaving musicians and fans worried that yet another music venue in Vancouver might close.

"We deeply regret this outcome and the effect it will have on all the stakeholders, as well the cultural scene in Vancouver," the statement from the club reads.

Revenue wasn't keeping up with "relatively high expenses," including rent on the prime downtown location, said the post.

"Our thanks to everyone who at one time or another climbed the steep stairs up to the Railway Club."

The owner has not yet responded to CBC News' request for an interview.

Several music artists voiced their sadness on social media.

Hedleyguitarist Dave Rosin reminisced of good times at the Railway club, sayinghe and bandmate Jacob Hoggard met at the iconic music venue for the first time.

The news was met with shock and disappointment on social media.