CBGB, the granddaddy of New York punk clubs, might lose its lease, and the club might be demolished and become another New York University dorm, reports New York Magazine. Hilly Kristol opened the Bowery club nearly 29 years ago, and the Ramones, Talking Heads, Blondie and others got their start there.
NYU is currently building a 13-story dorm on the site adjacent to CBGB. NYU also built a 16-story dorm in 1999 on the site of the former Academy of Music, later renamed the Palladium, on 14th Street off of Third Avenue.
"They could triple my rent when my lease expires in three years,” Kristol said about his landlord, “so I'm
going to start exploring my options.”