New York’s famed Roseland Ballroom is set to close in April of next year, according to internal e-mails obtained by Billboard. As of right now, no official announcement has been made, but both the theater’s operators and Live Nation New York (who own the theater) are keeping quiet about any of the speculation.

The Roseland’s history in New York dates back to 1919, when it left Philadelphia and set up shop on 51st Street and Broadway. In the 1920s, it shifted from being a proper ballroom to a venue for live music, and it moved to a larger location one block north in 1958. The venue became a favorite one for a number of high-profile acts, especially in the 1990s, when a thorough renovation made the Roseland an attractive location for the likes of Nirvana and the Red Hot Chili Peppers.

While there is still no word as to why the Roseland is going to close, some speculate that the increased competition in the city may have taken its financial toll. In recent years, venues like Terminal 5 and the Best Buy Theater have opened in direct competition with the Roseland, while the Hammerstein Ballroom and the Beacon Theater also operate at the same size.

We will have more information on this story as it develops.