Fans of the legendary rocker Jon Bon Jovi no longer have to feel shot through the heart over the cancellation of his open-air concert in Stanley Park.

The artist’s management announced Thursday morning the show will go on, and his performance has been moved to Rogers Arena on Saturday night.

“Jon Bon Jovi will fulfill the promise of playing in Vancouver,” his manager Paul Korzilius told CTV News. “For over 30 years and nearly 3,000 shows, Bon Jovi’s always done the right thing and always done things by the book.”

The concert is open to all fans who purchased tickets to the first concert, which was organized by the now-bankrupt Paper Rain Performances. Ticket holders are being advised to bring their tickets to Rogers Arena and they will be assigned seating based on the ticket level previously purchased.

No additional tickets will be sold.

Thursday’s news was welcome by many fans who have been left with little information since the Stanley Park show was abruptly cancelled on Monday, days in advance, after it was revealed promoter Paper Rain hadn’t secured the proper permits.

‘Everything was falling apart’

On Thursday, Tourism Vancouver, which partnered with Paper Rain on the Bon Jovi show, said the lack of permits was just the tip of the iceberg.

“As of this past weekend, everything was falling apart,” said CEO Ty Speer.

Speer said Paper Rain didn’t pay for lighting or security, let alone pay Bon Jovi and his band, the Kings of Suburbia. The megastar is believed to be performing Saturday at a significant financial loss as a result.

It’s still unclear how things went wrong.

Court documents reveal the president of Paper Rain, Dennis MacDonald, was in a similar situation before. His Big Mountain Concert Company was sued by rock band Kiss after a Whistler show went awry in 2007. MacDonald was ordered to pay the rockers $450,000.

When Paper Rain announced it was filing for bankruptcy on Wednesday, the promoter blamed lacklustre ticket sales for the Stanley Park concert’s cancellation.

Paper Rain said it asked Bon Jovi’s team to postpone the show, but the request was rejected.

Where’s the ticket money?

When asked about whether people would be receiving refunds, the promoter has told people to contact the Tourism Vancouver-run Tickets Tonight, which sold tickets to the outdoor Stanley Park event ranging from $39 for grass-seating to $595 for VIP experiences.

According to Speer, however, Paper Rain still has all the money.

“It’s disappointing that they’re trying to put that responsibility on someone else,” he said. “That money is with the promoter. They have a contractual obligation to return that money to us so we can return that money to customers. We want to do that.”

Paper Rain’s bankruptcy announcement has complicated the situation, Speer added.

Bon Jovi’s management said Vancouver is a special city for the artist, who has recorded three albums there, and he's glad to be performing this weekend.

Korzilius also said the task of relocating the concert could not have been possible without the support of Rogers Arena and Tourism Vancouver.

“As we said on Monday, Jon has always been willing, able and excited to perform on Saturday – now it’s real,” he said.

Doors for the show open at 6:30 p.m., and the performance will begin at 8:00 p.m.

With a report from CTV Vancouver’s Peter Grainger