One of the most iconic, revolutionary and recognizable clubs ever to grace New York City, CBGB, closed recently due to failure to renew their lease. The club is said to be scouting a new location, but a year later no development has taken place. The clubs owner, Hilly Krystal, opened the club in December of 1973, paving the way for the punk rock movement in New York City. His death in 2007 may be the end to the final chapter of this 30-year legacy of a venue. However, at this time, relocation is still a possibility.