On October 15, 2006, iconic New York punk rock club CBGB closed due to a financial dispute.

On October 15, 2006, CBGB, the iconic New York punk rock club, shut down due to a financial dispute between owner Hilly Kristal and the Bowery Residents Committee. The venue was instrumental in launching the careers of bands like the Ramones, Talking Heads, and Blondie. The closing night featured performances by Patti Smith, Flea from the Red Hot Chili Peppers, and Richard Lloyd from Television. CBGB's second awning is now displayed at the Rock & Roll Hall of Fame.