Prince’s Paisley Park Records and a Los Angeles entertainment corporation plan to team in an offshoot of the famed Minneapolis-based Glam Slam nightclub, with a goal of opening the new venue around New Year’s Day.Although club officials declined to say what role, if any, Paisley Park founder Prince would have in the new club, Warner Bros. sources say the enigmatic recording artist would have heavy creative input into the club’s design and direction. Glam Slam will be located on the downtown site of the former Vertigo, which will be moving to Hollywood early next year at a site to be determined. Partnering with Paisley Park is Union Entertainment, a growing corporation that has operated Chicago clubs Union, Cairo, the Bridge and the Tough Club before recently obtaining interests in Los Angeles-based Sunset Social Club, Dragonfly and Vertigo (it is also close to acquiring an interest in the Central) while booking Blak:Bloo, Maxx and Baba Cool. Steve Edelson, president of Union Entertainment, said that Paisley Park has invested a large sum of money remodeling Vertigo into Glam Slam. “We’re doing 60-feet-tall statutes of women to wrap around pillars, video walls (and we’re) bringing in a $ 200,000 light system,” Edelson said, adding that the club will not resemble the Minneapolis outlet. Unlike Vertigo, the new club will not have an exclusive door policy, Edelson said, and will feature a combination of live acts and prerecorded dance music. The club will also offer food. Paisley Park will use the club approximately 20 times during the year to showcase bands, while cable channel Showtime has already booked the location to tape three events, Edelson said.