For now. St. Mark’s Bookshop, which was in danger of closing owing to their inability to pay rent to landlord Cooper Union, has been issued a reprieve. A rent reduction from $20,000 a month to about $17,500, and forgiveness of back rent due, will allow the store to stay open.
From the shop’s web site:
Here's the official word on the status of the bookshop:
St. Mark's Bookshop and The Cooper Union have reached an agreement which reduces our rent. This would not have been possible without the overwhelming support of our community. Over 44,000 people signed the petition to "Save St. Mark's Bookshop". We sincerely appreciate the efforts made by so many on our behalf. We especially want to thank Frances Goldin and Joyce Ravitch of the Cooper Square Committee, and Scott Stringer, Manhattan Borough president.
Long Live Books and Readers! (11.07.11)