I applaud the management of CBGB and the officials of the Bowery Residents Committee for working together to reach a year-long agreement that allows CBGB to continue serving audiences. For more than a quarter of a century, CBGB has served as an incubator for cutting edge artists and entertainers. With today's agreement and our efforts, I believe CBGB will continue its prominent role in setting trends in music and culture. Since the impasse between CBGB and Bowery Residents Committee, our administration has stressed the importance of resolving this dispute while suggesting alternative sites for CBGB to consider. We will continue to work with CBGB so that at the conclusion of the year-long agreement announced today, CBGB might identify a dynamic new venue in this City that is fitting of its rich history.You can read more about this story here.