October 18, 2006

Even Shrines Go Bankrupt

Legendary New York venue CBGB is forced to close its doors because of escalating rent due to gentrification. Once located in the slums of the Bowry shipyards full of homeless, the club spent its last few years engulfed by trendy bars and upscale apartments.

No matter how the public feels, no entity is an institution in America. The only institution here is capitalism.