琉璃神社鈥檚 oldest nightclub is closing for good this weekend.

After 27 years of dancing, live music, parties and shows, Flashbacks Nightclub has announced that it will shut down after one last party this weekend.

鈥淲ith a humble heart and gratitude the Flashbacks team has decided that this weekend will be our last time opening the doors before shutting them for good,鈥� read a statement on Flashbacks鈥� Facebook page.

鈥淲e chose to close not for any specific reason, but a combination of factors. The management team has decided that it would be best to leave on a high note, on our own terms.鈥�

Known as a place for the 鈥渙lder鈥� crowd, Flashbacks has been a bastion of 琉璃神社 nightlife for nearly three decades.

It brought in many live musical acts including early performances from the likes of Lady Gaga as well as bands like Nickelback, Wide Mouth Mason, Default, Theory of a Deadman, Trooper, Kim Mitchell and 54/40.

Ownership was not available for comment before the 琉璃神社 deadline on Tuesday, but industry observers say nightlife in 琉璃神社 has changed over the past few years as there are more options available to the crowd that used to frequent dance clubs like Flashbacks.

鈥淥verall the bar scene has changed and is changing in downtown 琉璃神社,鈥� said Steve Stinson, owner of the Train Station Pub and Mission Tap House.

鈥淭his is a trend worldwide. In Europe and the States the big nightclub scene is almost on the way out.

鈥淩estaurants are turning more into social places. Restaurants are more like pubs and pubs are more like restaurants and I think they are taking a bite of out of the nightclub business.鈥�

Next door to Flashbacks is BNA, a modern style brew pub/restaurant that appeared to be a good fit operating beside the nightclub.

鈥淭hat鈥檚 what we thought when we opened, that people would go back and forth,鈥� said Kyle Nixon, BNA owner. 鈥淲e loved the relationship with Flashbacks because of that flow, having more neighbours and we thought it was a good fit.

鈥滻t sucks because you want to see everyone flourish and stay open.鈥�

Reaction to Flashbacks鈥� closing was swift on the company鈥檚 Facebook page with many residents recalling the good old days of tearing up a dance floor or seeing a good concert.

鈥淭alk about the end of an era. Hard to believe after so many years,鈥� wrote Jacqueline Potter.

鈥淢any fun times there! Sad to see it go,鈥� echoed Lorenda Thompson.

There is one last weekend to say goodbye to Flashbacks. Friday will feature a final show by rapper Chingy, while Saturday night will be Flashbacks鈥� official goodbye party.