Well the name is anyway, the actual establishment is a John Vavartos Boutique
The estate of Hillel "Hilly" Kristal, who founded the club back in 1973, has put its name rights up for auction through Streambank LLC. The company plans to use it for "new opportunities in live clubs, apparel and interactive media," and the name rights should go for several million dollars"
See, everything is for sale. They should auction off the restrooms while they're at it. I'm sure there are many 'punks' in an uproar over this but not me. Who cares if they make CBGB's mineral water or condoms or white bread? Simply said you either were there are you weren't.
I suggest "My Mother Hung Out At CBGB's And All I Got Was This Birth Defect and A T-shirt." That'd be super fly cool actually, I would wear it.