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Wonder what's up with the Memorial Building, which formerly housed Harry O's?

A trio of Park City locals with longtime ties to the community and entertainment industry have joined forces to establish Park City Live, LLC – a company that promises to professionally operate a top-notch, live music venue on historic Main Street.

Located in the Memorial Building, in the nightclub space formerly occupied by Harry O's, Park City Live will unveil the town's largest music venue on New Year's Eve. They are in the process of booking top-tier recording artists for the 10 days of the Sundance Film Festival, Jan. 19-29, 2012.

"An internationally renowned ski resort destination and host of the Sundance Music Festival every January, Park City has a strong reputation for attracting world-class music talent that rivals the nation's largest cities," says Michael Labertew, legal representative for Park City Live, in a press release. "The Park City Live partners are excited to provide a first rate, upstanding venue for live music. The business will embrace both the local community and visitors with professional management and staff and quality music acts from all popular genres."

Park City Live will renovate the space during the next several weeks. The 10,000 square-foot, bi-level venue has a capacity of up to 800 people. It features a professional stage, state-of-the-art lighting and sound system, VIP seating areas, a large dance floor and four bars. It will be available for private parties and special events.