If you’re not a pro-wrestling fan or don’t live nearby, you’ve probably never heard of the Asylum Arena at the corner of Swanson & Ritner in South Philly. Located pretty much under I95 and directly to the south of a former Forman Mills location, this old warehouse blends in with its surroundings, at least during the daytime hours. For nearly two decades, however, this spot hosted boxing and wrestling events, drawing over a thousand people at times.

The building

Old Forman Mills

Toward the end of 2011, news came out that Joanna Pang from the Trocadero would be taking over the building and converting it into a concert venue. According to Philly.com, this news was met with opposition from wrestling fans and mixed emotions from folks in the neighborhood. An online petition was circulated, but the Arena closed in early 2012 with its future apparently decided. But it’s been radio silence ever since.

Until now, that is. According to Michael Klein, a liquor license application was posted on the building last week, with Pang’s name as an applicant. We’re unsure of whether the project will require zoning, as an application was submitted and withdrawn back in 2011. If Pang does indeed need to go before the community to get approvals to take over the venue, things could get, well, interesting.

Something else is cooking across the street

Meanwhile, just across the street, we spotted a zoning notice for a car sales and repair shop. So anyone who was hoping that the lot across the street might make for a good parking area for concert events at a reopened Arena music venue seem to have another thing coming.

If this project does indeed get off the ground (and it seems that it likely has several hurdles to clear before it does), it will represent another interesting addition to an area that’s getting renewed attention in 2013. As we told you a month ago, plans are definitely moving forward for a North Bowl-like establishment just a couple of blocks south of here, which is kind of a big deal. Such a place in conjunction with a new music venue would really make this area a destination. Now just imagine if Philadelphia’s second casino opened a few more blocks to the south.

Something tells us the neighbors are not going to be pleased.