For the last six years the name CBGB has been little more than a logo on T-shirts for young people in the East Village. Now a group of investors has bought the assets of that famous punk-rock club, which closed in 2006, and plans to establish an ambitious music festival this summer, with an eye toward reopening the club at a new downtown location.
The new owners of the club’s assets — some with ties to the original Bowery establishment — say they hope that the festival will revive the wide-open artistic aesthetic associated with CBGB, which in its heyday served as an incubator for influential acts like Television, the Talking Heads, the Ramones, Blondie, Sonic Youth and Patti Smith. Read more…