New York’s legendary rock club CBGB, which helped launch such seminal acts as Blondie to the Ramones, faces closure if it does not resolve a dispute over unpaid rent with the homeless charity that owns the building.
Club owner Hilly Kristal said the dispute dated from 2001, when the landlord presented a $300,000 bill for unpaid rent.
Though most of that has now been repaid, the club was handed another bill earlier this year for $76,000 which it has not paid. The club’s lease comes to an end in August and talks on renewal are stalled.
To read more visit billboard.com.
