Tuesday, June 11, 2013

Report: Loan dispute could be the end of the Yippies at 9 Bleecker St.

[EVG 2011]

More troubling news from 9 Bleecker St., longtime headquarters of the counterculture group and home of the Yippie Museum Cafe. As Colin Moynihan reported yesterday at The New York Times, Yippie leaders have been fighting an attempt by a lender to foreclose on their three-story home. Things took a turn for the worse last month "when a judge appointed a receiver to manage the building and collect rent."

Per the article:

In court documents, Steven L. Einig, a lawyer for a company called Centech, which holds the building’s mortgage, stated that Yippie Holdings, which bought Number 9 along with a nonprofit called the National AIDS Brigade, had failed for more than five years to make payments on the $1.4 million mortgage.

A lawyer for Yippie Holdings, John Diffley, said in an e-mail that his clients “were compelled into foreclosure with payments being rejected” by Centech as part of a scheme or plan to take over the building.

Read the whole article here.

Previously on EV Grieve:
The Yippie Museum Cafe is in financial trouble
at

2 comments:

  1. UnknownJune 11, 2013 at 1:31 PM

    ah that sucks. I have heard some rumors too but was hoping they were wrong.

    ReplyDelete
  2. AnonymousJune 11, 2013 at 10:19 PM

    Will be so sad if this place goes. And angry. Try to always buy one of their smoothies and tip the tip jar big.

    I thought they just got help from some movie that was shot there.

    ReplyDelete

Your remarks and lively debates are welcome, whether supportive or critical of the views herein. Your articulate, well-informed remarks that are relevant to an article are welcome.

However, commentary that is intended to "flame" or attack, that contains violence, racist comments and potential libel will not be published. Facts are helpful.

If you'd like to make personal attacks and libelous claims against people and businesses, then you may do so on your own social media accounts. Also, comments predicting when a new business will close ("I give it six weeks") will not be approved.