Power Station

New York’s legendary Power Station recording studio closed its doors this week, but the news isn’t all bad. The Manhattan-based facility, which served as the incubator for classic albums by David Bowie, Bob Dylan, Bon Jovi and others—has reportedly been purchased by Berklee College of Music. Formally known as Avatar Studios, the facility was an actual power plant before being converted into a recording studio in 1977. The short-lived ‘80s supergroup, Power Station, famously took its name from the studio.

According to Variety, Berklee’s purchase price was somewhere between $23 million and $28 million. “It is unclear as of yet what the Boston-based Berklee plans to do with the space,” notes Variety, “but word is that, after significant upgrades, it will remain dedicated to music in some form. The hope is that it will be available to artists wishing to rent the rooms, in addition to Berklee students. It may also serve the Broadway community as a place to record cast albums, says a source.”