[Image via Facebook]
There's a positive development to note in the ongoing saga of St. Mark's Bookshop. Most recently, there were published reports that the rent-challenged shop at 136 E. Third St. between Avenue A and First Avenue was facing eviction by its landlord — the New York City Housing Authority (NYCHA)
Now according to Publishers Weekly (via a post on the St. Mark's Bookshop Facebook page), an investor stepped forward to help the shop that has been in business in the neighborhood for 39 years.
Per Publishers Weekly:
An investor responded to the bookstore’s latest financial appeal on GoFundMe. He will take over the store’s lease and pay the back rent of $62,000, if the store raises enough money to stock the store. “He believes, as I do,” wrote co-owner Bob Contant on Monday, “that if we fill the store with books, our business will increase and we’ll be able to pay our way.”
In addition, the NYCHA has agreed to settle. However, as Publishers Weekly noted, the bookshop still has a long way to go. As of last night, they had raised just under $22,000 of their original $150,000 goal. It was not noted just yet how much money is necessary to stock the store.
Previous on EV Grieve:
Report: Latest woe for St. Mark's Bookshop — possible eviction