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CBGB's New Owners Plan to Reopen Legendary Rock Club, Report Says

By Julie Shapiro | January 31, 2012 2:22pm
In this Aug. 1, 2005 file photo, a man walks past CBGB on the Bowery.
In this Aug. 1, 2005 file photo, a man walks past CBGB on the Bowery.
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AP Photo/Kathy Willens

EAST VILLAGE — The legendary CBGB rock club reportedly has a new owner who hopes to reopen the venue.

The new owner, whose identity has not been disclosed, bought the rights to CBGB's name along with many physical pieces of the former Bowery music venue which shuttered in 2006, The Local East Village reported.

Lisa Kristal, daughter of CBGB founder Hilly Kristal, reportedly agreed to the sale three months ago.

"In negotiating the sale, Lisa Kristal was motivated much more by preserving the legacy of CBGB than she was by money," a spokesman for the new owner told The Local East Village.  

"We had to court her for seven months, proving to her that we would be the best guardians of the name. She wanted to know our plans," the spokesman added.

"I would stay up until two in the morning, night after night, listening to her wonderful stories and telling her about the ways in which we were going to keep CBGB alive through loud music and by supporting new bands."

Lisa Kristal could not be reached for comment.