Palm Springs’ Toucans Tiki Lounge is approaching a change of ownership identity: the venue is expected to close this week and become a second location of 3 Dollar Bill, the New York bar and nightlife brand. Chad Kampe and Matthew Feldt, who bought Toucans in July, announced the plan on social media, The Desert Sun reported.
The incoming venue connects the Palm Springs room to a brand associated with LGBTQ-oriented dance parties and related events. The reported plan establishes the transition, but does not specify when the new operation will open or how its programming will compare with Toucans’.
A separate venue change nearby
The Toucans announcement comes amid another, distinct change to LGBTQ nightlife in the Coachella Valley. In Cathedral City, The Barracks—a leather bar that had served the community for more than three decades—closed in August 2024; Eagle Cathedral City later celebrated its grand opening at that location on October 30, 2026, KESQ reported.
The Cathedral City example is not evidence of a broader trend, and it is a different venue in a different city. It offers a point of comparison, though: both cases involve a new LGBTQ nightlife operation taking over a space associated with an earlier venue. For Toucans, the next chapter is tied to 3 Dollar Bill; details of the changeover remain to be announced.
