On February 2, Michele Olsen withdrew her application for a city bar license for the club "Chaotic," according to the city clerk's office. No reason was given on the withdrawal form. Olsen had planned to open her club at the corner of Fore and Exchange Streets, where the bar "The Basement" had been located. Olsen and Industry owner Brian Hanson both requested bar licenses to sell liquor in the Old Port and were both denied during a city council meeting on January 18. During this meeting, the council also voted to limit the number of Old Port bar licenses (otherwise called "overlay licenses") from 27 to 24. Olsen can reapply for a bar license in a month or so, says city clerk Amanda Berube.