CBGB's Space Now Home to $2500 Jackets

The rent went up and CBGB's moved out. Moving in is fashion designer John Varvatos, who's clothing reportedly has a "punk theme". Apparently some of today's punks want to wear $2500 leather jackets and $275 jeans. Word is that the new tenets have preserved the poster and graffiti covered walls, but have cleaned up what had to be one of planet Earth's worst bathrooms.

Fashion Designer Moves Into NY Club CBGB's Space  (New York Times)