I mean, it was more than a hangout for Shrunk; he owned the club. Hopefully he doesn't lose it and only gets a rework of it to fit the New Horizons theme. Like, have him sell his club and buy an outdoors stage for the new island!
But man, I feel so bad for him! Everyone is calling his club dumb and have forgotten about him despite talking about that club. This poor guy always gets the short end of the stick...