CBGB will stay open for another year.

New York's punk rock music mecca CBGB reached an agreement with its landlords on Wednesday that allows the music club to stay at its East Village address for another year.

The legendary, grimy punk-rock club, which launched acts from Blondie to the Ramones, had been involved in a rental dispute dating back to 2001 with a charity for the homeless that owns the building.

The agreement calls for CBGB to close its doors on the Bowery by October 31, 2006. . . . . . .Full Story