Brooklyn Sports and Entertainment, the corporate parent of Barclays Center, is partnering with The Bowery Presents to acquire operation rights to New York’s iconic Webster Hall, home to three entertainment spaces: The Studio, The Marlin Room and the Grand Ballroom.

The New York Post reports that the deal is valued at around $35 million and that BSE has plans to rennovate the building.

“We’re going to preserve what Webster Hall means to the consumers and artists,” Brett Yormark, chief executive of BSE told the Post. “But we will contemporize it.”

Opened in 1886, Webster Hall has played host to countless legendary artists like Frank Sinatra, Tina Turner, Bob Dylan, Prince and more. The venue recently hosted LCD Soundsystem’s return to the road in 2016 as well as an intimate show from Metallica.