Tunnel closed its doors late in 2001 due to non-payment of rent and New York City Mayor Rudy Giuliani's quality-of-life campaign. Peter Gatien acquired the 80,000-square-foot nightclub in 1992.
Dayan sold the property to Marco Riccota in January 1990. The club was built in a space which was formerly a railroad freight terminal. Tunnel, less popularly and incorrectly also known as 'The Tunnel,' was owned by Boaz Aharoni, a real-estate developer, and Elli Dayan, founder and former chairman of Bonjour International, a company best known for blue jeans.
