Legendary New York City venue Roseland Ballroom is set to close next year.

That's according to Billboard, that reports the news from an internal email it has obtained, although there has been no official announcement of the move. Although later, on Saturday (October 19), Showbiz411.com reported it had confirmed the news independently via an inside source who said: "The owner is developing the property."

The now 3,500-capacity venue, was built in its 52nd street location in 1922, is owned ...