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02/01/2012 11:47 AM

Report: Legendary CBGB Club To Rock New Location

By: NY1 News

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One of the city's most iconic rock clubs could soon be making a comeback.

The New York Post reports plans are in the works to reopen CBGB.

The legendary punk club was originally founded by Hilly Kristal in 1973 and helped bands like The Ramones and Blondie make a name for themselves.

The Lower East Side club closed in 2006 and a year later the space became a John Varvatos clothing store.

The Post says Kristal's daughter Lisa recently sold the rights and memorabilia to a group of buyers.

They plan to announce plans to reopen the club in a new location in the coming weeks.