[1] It is situated adjacent to the Perth Institute of Contemporary Arts (PICA) for which the bar is named.

[4] Picabar's owners later stated that they were given assurances there would eventually be a long-term arrangement,[2][7][8] a claim denied by the Department of Local Government, Sport and Cultural Industries' director general Duncan Ord.

[9] In October 2018, ownership of the precinct was transferred from the government to the Perth Theatre Trust (PTT),[10] which terminated PICA's lease,[9] and hence Picabar's sub-lease, with three weeks notice.

[10][9] PICA was to be given a new sublease from the PTT, excluding the bar area, which was to be opened up to an expression of interest process.

[1] The bar features prominently in Perth youth culture as a hangout and social fixture.