I gather that this sort of bubble-driven destruction of stable neighborhood institutions can go on for some time, and result in radical transformations of the character of localities. But when the bubble pops the neighborhoods almost never recover their former identities: something is lost forever. I'm convinced the only hope for this city is the election of a mayor of monumental incompetence who will drive quality of life indicators spiraling downward. The town was much more livable in the 1980s, when it was widely regarded as a crime-ridden dump.
GM
Date: Wed, 16 Feb 2005 10:25:43 -0800 (PST)
From: "B." <docile_body at yahoo.com>
Subject: [lbo-talk] CBGB's no more?
Message-ID: <20050216182543.99294.qmail at web80604.mail.yahoo.com>
Content-Type: text/plain; charset=us-ascii
[An annual rent of a half-million dollars? Sheesh. -
B.]
=====
http://www.nypost.com/news/regionalnews/40710.htm
The legendary downtown club that ushered in American
punk rock is in danger of being priced out of its
longtime haunt.
CBGB is facing the prospect of shutting down when its
lease expires in August — and its annual rent could
reach nearly half a million dollars.
For more than 30 years, CBGB has anchored the Bowery
with its eclectic mix of live bands.
When owner Hilly Kristal opened the club in 1972, rent
was a mere $600 a month for the space under a Bowery
flophouse.
But now that the neighborhood has become chic — that
is, pricey — Kristal's rent could reach almost $40,000
a month, twice what the Village Voice says is now
$20,000.
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End of lbo-talk Digest, Vol 14, Issue 140
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