I don't think it's happening either.
But I think if it did happen, the whole point is to put the SNL name on a comedy club to attract more people. Yup, it'd be just a random comedy club, just like The Today Cafe is pretty much a random coffee shop. And Grill and Brew is random bar food.
I mean, just because it's got the SNL name doesn't mean it would only be open on Saturday's...