After trying just about everything everything else to survive, St. Mark’s Bookshop is finally turning to crowdfunding. It was about time. From Brooklyn’s Broken Angel house to the Lower East Side’s Cake Shop, crowdfunding has become a favorite of beloved but penurious institutions and not-quite-lost causes.
St. Mark’s, hoping to help fund a move to a cheaper location, has launched a Lucky Ant campaign to crowdsource $23,000, according to Crain’s. Like so many other stores and people who have long called Manhattan home, the book store can’t afford to pay its rent and needs to relocate. With its rent reduction of $2,500 a month from landlord Cooper Union set to expire in November, the store is now trying to marshal funds for a move.
St. 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.
An outpouring of love for independent bookstores has erupted in the New York press lately. This love is prompted, alas, by the mass extinction of bookstores across the country. It’s unclear whether the love will translate into steady sales for the stores, but it’s given us some nice reading.
Greenlight Bookstore, the indie book shop on Fulton Street in Fort Greene, Brooklyn that opened in the middle of the mass extinction of book stores three years back, is now expanding.
Everything Must Go
A former employee of Borders writes a tell-all about the experience as the bookstore chain goes under for good. He reserves his most potent derision for Borders’ decision to avoid building its business online:
In 2001, Borders would go on to partner with Amazon.com, allowing the online book retailer to handle their Read More
It could be said that the Politics and Prose bookstore is Washington D.C.’s answer to, say, The Strand. That store is certainly more modest in size and scope — appropriate given its city — but by no means is it any less beloved. For 26 years Politics and Prose has reigned as the District of Read More