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Over the years, the OBI was involved in many disputes with the local community over issues such as noise, parking and traffic. Finally, in 1999 , Matherson sold the property and moved to Key West , Florida to open a new club of the same name. The original property was torn down in 2003 .

Robert "Rosebud" Butt is credited with inventing the Long Island Iced Tea while working as a bartender at the OBI in the 1970s.

The club was located at .