New York’s Bottom Line Saved At The Last Minute.
In June, the club received a reprieve from eviction from their club’s landlord New York University, with hopes that a new lease agreement could be reached. At that time they had fallen 17 months behind in their rent.
The club was on the verge of having to shut their doors when satellite radio network Sirius came to the rescue on Wednesday, offering to post the $185,000 the club owners own in back rent into an escrow account that would pay off their back rent in the event that a new lease is signed.
Things were coming to a head in a Manhattan Civil courtroom, where council for the University were prepared to press ahead with a trial to evict the owners of the nightclub, but after having a conversation with the owners in the hallways of the courtroom during a recess they agreed to return to the negotiating table.
If the club owners and the University can not come to terms on a new lease in the next four weeks, the money will be returned to Sirius.
The Bottom Line is one of New York’s legendary night clubs. Over the past three decades they have featured performers ranging from Bruce Springsteen to Jazz legend Miles Davis. .