I'm sorry to see yet another Manhattan landmark vanish from the scene. CBGB's follows in the wake of McHale's, the International Bar, and so many other authentic venues closed to make room for the gentrification of New York. (The ULA is trying to halt the full-scale gentrification of literature.)
The Underground Literary Alliance has its piece of CBGB's history, in that its attached room, CB's Gallery, was the site of our original press conference, which turned into a display of verbal fireworks. February 8, 2001. A report about this incident, "Open Bar, Open Debate," was long on CBGB's web site. It remains one of the most exciting literary events ever.