Avant Gardner LLC, the operator of an entertainment complex that includes New York’s beleaguered Brooklyn Mirage, has filed for Chapter 11 bankruptcy, Billboard reports and documents confirm. The company,

Avant Gardner, the company behind the Brooklyn Mirage, has filed for Chapter 11 bankruptcy, after the music venue failed to open.

Avant Gardner’s bankruptcy filing outlines a plan to borrow up to $45 million to help keep the business running while it goes through bankruptcy, including $20 million to address existing debts. Juergen “Billy” Bildstein, who co-founded Avant Gardner, owns 100% of the company, according to court filings.