The legendary New York club's future is on the line...

Regulars at iconic NEW YORK club CBGB are staging a last-ditch attempt to save their beloved venue.

The club, which was instrumental in the US punk revolution, faces closure in September following a rental dispute.

Now, nightly benefit shows are being held in a bid to save the club, culminating in a concert and rally at Washington Square Park on August 31, reports the BBC.

The club is in dispute with landlord the Bowery Residents Committee over an increase in the $19,000 monthly rental cost, as well as unpaid rent. But rocker and actor Steven Van Zandt, part of the campaign to save the club, claims that CBGB management have offered to pay more rent.

The Bowery Residents Committee, which provides shelter for the homeless in the same building, did not make a comment.

CBGB opened in 1973 and was named by proprietor Hilly Kristal after the kind of music that would be played there; Country, Bluegrass and Blues.

But it was the Seventies shows by the likes of Blondie, Talking Heads and Ramones that made the club’s international reputation.