(AllHipHop News) An era is Miami nightlife has finally come to an end.
According to reports, the famed King Of Diamonds strip club has shut down.
Last summer, the club went into foreclosure after struggling to pay the mortgage on the club for several years now.
The owners of the club were supposed to pay over $300,000 in one lump sum payment to their landlords in early November, and an additional $85,000 each month thereafter.
But the deal fell apart when KOD's owners failed to make the payment. Additionally, in October, the mortgage holder learned KOD had been operating with numerous code violations.
The club was finally closed on October 5 over safety concerns.
As a result of the code violations and the default on payment, sheriff's padlocked the strip club this week.