The rumor is true: Robert Ehrlich, CEO of Pirate Brands, now owns the shuttered Holiday Cocktail Lounge, and last night he got a green light from Community Board 3's SLA committee to transfer Holiday's liquor license to a new restaurant-bar, expected to open in April. The restaurant will serve local, regional foods. The first-floor spot, previously owned by Jeff Tendler, will be managed by Barbara Sibley, owner and chef of La Palapa, the Mexican restaurant right next door. Sibley told Grub Street, "We're going to try to preserve as much of the history as possible." No name for the Bootylicious-backed joint yet.