After a closed-door sale earlier this year—which according, to the Local East Village, the ownership of the CBGB brand was apparently split between an unnamed party and the daughter of deceased owner Harry Kristal, Lisa Kristal (who had emerged from a protracted, and acrimonious, legal battle against her brother, Dana Kristal, over ownership of the brand)—the long-shuttered legend of CBGB‘s seems poised to return this July 4–8 with a multi-pronged festival of shows, workshops, films, and parties across Lower Manhattan and Brooklyn. On its face the fest appears similar in scope, though not scaled, to the annual CMJ Music Marathon.
This morning we were told that festival details will be released in about four weeks. For now, we can tell you that Duff McKagan (Guns n’ Roses, Velvet Revolver) has expressed interest and could potentially be one of the headlining acts—the venue and the musician have a mutual appreciation for each other. There will also be plenty of smaller NYC-based bands, and the organizers were down at SXSW last week checking some out.