The 9,000-square-foot club at the high-traffic corner of Belmont Avenue and Halsted Street was known for its big dance floor, amateur drag shows and Friday night shower contests.Ĭ reports that employees were notified of the 'sudden' closure early Monday, and that the bar is 'under new ownership with plans to reopen around pride weekend.' Spin, which has been owned by local businessman David Gassman for more than 15 years, went up for sale in February. 'We would like to thank all of our customers for their support these many years and wish everyone a Happy Memorial Day! Stay tuned for what happens next. 'SPIN is officially closed,' the post reads. Belmont Ave., said goodbye on its Facebook page Monday. CHICAGO - Spin, a longtime staple of Chicago's gay scene, is 'officially closed.'