After undergoing renovations for more than a year, the Hollywood Palladium in Los Angeles will open its doors Oct. 15 with a concert by Jay-Z. The rapper will be backed by a 12-piece band.

The 4,000-capacity Hollywood Palladium has been shuttered since last April to undergo top-to-bottom renovations. The upgrades include an overhaul of the venue's interior and exterior, a new dance floor, expanded concessions, upgraded restrooms and improvements to the stage infrastructure.

Tickets for the Jay-Z concert go on sale Sept. 5 via Live Nation holds a long-term lease to operate, manage and exclusively book the Hollywood Palladium.

The venue first opened in 1940 with a concert by the Tommy Dorsey Orchestra featuring Frank Sinatra. "I'm honored to play such an iconic venue," said Jay-Z in a statement. The rapper is signed to a long-term, multi-rights deal with Live Nation.

"Just as Frank ushered in a golden era, I hope this opening will mark the beginning of a resurgence in generation defining live music," Jay-Z added.

Since opening nearly 70 years ago, the Hollywood Palladium has hosted such acts as the Rolling Stones, James Brown, Led Zeppelin, the Who, the Police, Rod Stewart, Metallica, the Clash, the Pixies, No Doubt, Red Hot Chili Peppers and Public Enemy, among many others.