NEW YORK, May 8 (Reuters) – New York’s legendary punk-rock
music venue CBGB’s may be on its way back — in a new location
with new music.
New club investors are currently pursuing a permanent
downtown Manhattan venue for the club that shuttered its doors
in 2006, according to a club spokesman, who emphasized the
managers of new venue will not be trying to emulate the past.
“They are hoping to open a new venue focused on new music,”
the spokesman said. “They are not trying to recreate the past
but hope to open a space in the spirit of CBGB.”
In addition, the first CBGB music festival will take place
over four days from July 5-8 and showcase 300 indie bands at
dozens of venues in Manhattan and Brooklyn, as well as film
screenings and panel discussions.
The club that existed on the border of Manhattan’s East
Village — its full name is CBGB & OMFUG, or Country Bluegrass
Blues and Other Music For Uplifting Gormandizers — became the
epicenter of the punk-rock scene in the 1970s launching bands
like the Ramones, Talking Heads, Television and Blondie.
The closing down of the club in 2006 after a rental dispute
signaled the end of an era and the gentrification of The Bowery
area that now houses luxury apartment buildings with modern
glass facades. The club’s founder, Hilly Kristal, died in 2007,
and since then CBGB’s was dismantled and only existed to sell
club merchandise.
The club’s estate, with Hayes’ daughter, Lisa Kristal
Burgman as its co-executor, sold the rights recently to the
club’s assets to a new group of investors who are currently
pursuing the new venue and have planned the annual festival,
according to the club spokesman.
“It’s a relief to know that it’s not going to die,” Burgman
told the New York Times, who first reported the story and said
there was six investors behind the new venture. “It’s going to
be reborn.”
After Kristal’s death the club became weighed down in legal
disputes over the assets, and Krugman emerged from a legal
battle as the co-executor of the estate.
A spokesman for the club did not comment on what the assets
sold for. The investor group purchased the rights to the club’s
global intellectual property and physical assets.
Kristal founded the club in 1973. Despite the name the club
became a breeding ground for punk and new wave music and was
played by The Jam, The Cramps and Nico, among others.
(Reporting By Christine Kearney, Editing by Jill Serjeant)
