Bottom Line
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The Bottom Line was an intimate music venue in New York City's Greenwich Village, at West Fourth Street between Broadway and Washington Square Park. During 1970s, it played a major role in maintaining Greenwich Village's status as a cultural mecca. It opened in 1974 and enjoyed a mutli-year string of success at pulling in major musical acts and at premiering new talent. Its cachet faded with time, and by 2003 it was deeply in debt ($190,000 in back rent, plus several hundred thousand dollars in other expenses) and garnering very little attendance. Even with its landlord, New York University, artificially keeping its rent at half of prevailing values, it was unable to stay open, and closed its doors at the end of 2003 rather than accept a takeover bid by Sirius Satellite Radio. Its former owners claim to be seeking another venue that will carry the same name.
Sources
- [Bottom Line Corporate Website]
- [USA Today, "N.Y.'s famous Bottom Line gets reprieve", Oct. 23, 2003.]
- [The Villager, "The Bottom Line tries to avoid end of the line", Oct. 29, 2003.]
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