St. Mark's Bookshop Spared Rental Doom

img 2505 s St. Mark's Bookshop Spared Rental DoomSt. Mark’s Bookshop has finally struck a deal with its landlord, Cooper Union, to lower its rent. According to this New York Times article the university is having financial problems of its own and might begin charging tuition, but Scott Stringer, the Manhattan borough president, has intervened for the time being to negotiate a deal between the college and the book store. Cooper Union has given the book store a break on its debt and lower rent to regroup and “come up with a viable and sustainable business plan not dependent on further subsidies.” So there will still be a place in the East Village to buy Foucault, and Manhattan is not yet a soulless strip of chain stores.

Article continues below
More from Business & Tech
Alan Colmes and Sean Hannity attend the Fox News Channel 10th Anniversary celebration on October 4, 2006 in New York City.
Alan Colmes, Dead at 66, Represented a More Civil America