[star]The American Mind[star]

February 21, 2005

CBGB's Priced Out of Market

The legendary New York City club/hole in the wall may close to due rising rent. CBGB's might be the victim of its own success. By being the birthplace of American punk music its hipness made it a desirable location. Thus rents rose. Now, the owner is paying $40,000 a month in rent. Unfortunately that's economic dynamism in action. Sometime in the future we'll find out about another club in a dank, dark part of some city that will makes its mark on music. Then we'll watch this dynamic happen again.

"Heebie-Jeebies"

Posted by Sean Hackbarth in Music at 06:26 PM | Comments (1) | Trackbacks (0)