 In January 2011, it was announced that $6 million had been granted to help West Philadelphia developer Mosaic Development Partners build an $18 million hotel-and-restaurant complex with a jazz bar and fitness center at the site of the Blue Horizon.In July 2013, Mosaic's plans called for the venue to be demolished in order to make way for a parking garage.As of July 2016 the venue along with the upgraded boxing ring remains untouched, abandoned and in remarkably good to pristine condition with virtually no signs of any interior damage or structural problems since its closing in 2010.