Although CBGB officially closed its famed New York location in 2006, the shuttered club -- founded by Hilly Kristal in 1973 -- has lived on through CBGB fashions and radio. Now, the first ever CBGB festival will take place July 5-8 at venues across the city.
The New York Times  reports that the festival will be modeled after SXSW and CMJ, with film screenings, workshops and conferences, in addition to concerts by more than 300 bands at 30 locations.
After Kristal died in 2007, the famed club's assets and trademark became tangled in a myriad of lawsuits, eventually settled in 2010 with the rights reverting to Kristal's daughter. A new group of investors led by concert promoter Tim Hayes then purchased the CBGB assets in 2011 to launch this festival, and have plans to reopen the club at a new downtown location some time in the future.
"We're never going to recreate that moment in time," Hayes told the New York Times. "We're trying to continue the idea of supporting live music, making a lot of noise and being a part of New York City. The festival is one way we can do it. Eventually the club will be another way we can do it."
Bands scheduled to perform at the CBGB Festival include the Cro-Mags, Vision of Disorder, Sick of It All, Guided by Voices, the Pains of Being Pure at Heart, Cloud Nothings, former New York Doll David Johansen, and the Baseball Project, a group formed by R.E.M.'s Peter Buck and Dream Syndicate's Steve Wynn.
Ticket options are now on sale on the CBGB website , with combinations ranging from $69 for the music showcases to $299 for everything. Prices will be as high as $499 day-of-show.