No Associated Custom Post Type
Setting $wp_post = true; will automatically create and update a post for each venue; the posts will have a post_type value of 'mvc_venue', but there won't be a Custom Post Type for venues.
<?php
class Venue extends MvcModel {
var $wp_post = true;
}
?>The post of each venue can then be accessed using $venue->post, and this will have all of the columns of wp_posts as attributes (e.g. $venue->post->post_title returns the post's title).