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The future of a legendary club

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A legendary New York City venue CBGB

The CBGB brand โ€” and the merchandising empire that comes with it โ€” changed hands three months ago, a representative of the new owners told The Local.

โ€œWe bought the entire estate, the physical assets of the former club. They dissembled it as a theatrical unit so in theory they could put it back together โ€” say, 80 percent they salvaged,โ€ said the spokesman for the new owners, who wished to remain anonymous in anticipation of an announcement in the coming weeks regarding the return of the legendary club. โ€œThere are all kinds of tapes, photos, and the global trademarks and licensing.โ€

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