NEW YORK, Dec. 7 (UPI) -- New York's CBGB -- widely considered the birthplace of the U.S. punk rock movement -- is leaving its home of more than 30 years.
CBGB owner Hilly Kristal has reached an agreement with his landlord, the Bowery Residents' Committee, to keep the club open in its current location until Oct. 31, 2006, the two sides announced in a news release Wednesday.
Kristal has been reported looking at several possible spaces in New York as well as in Las Vegas.
New York Mayor Michael Bloomberg helped resolve the standoff between Kristal and the BRC, MTV.com reported.
CBGB had been carrying on business as usual even though its lease ended Aug. 31. Under the new agreement, Kristal reportedly agreed to pay $35,000 a month in rent -- about $16,000 more than he was paying before the lease ran out.
