Domenic Santana, owner of a legendary nightclub in New Jersey, the Stone Pony, has finally agreed to sell to developers, who say they'll keep the building where it is and fix it up.
Since it was renamed the Stone Pony in 1974, the building has played host to both stars and unknowns, including Springsteen, Bo Diddley, the Kinks, Cheap Trick and the Pretenders.
Developers are planning a $1.2bn makeover of the city's decrepit waterfront, and although they originally wanted to raze the building, they have now said that they plan to renovate the building, and add a new dance floor.
Santana, who previously said he would never sell, wouldn't say how much he sold the building for, but said: "I can't say, but I'm smiling."