St. Mark's Bookshop Spared Rental Doom
Emily Witt Nov. 3, 2011, 9 a.m.
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. 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.