St. Mark’s Bookshop will remain open after its landlords, Cooper Union, granted a rent reduction after all – but not quite as much as they were seeking. Instead, the store’s rent will be reduced to $17,500 a month for a one-year-period with $7,000 in existing debt immediately forgiven. The school will also provide student help with revising the store’s business plan. St. Mark’s also does not plan to rehire staff at the present time. “I really thought there wasn’t going to be a deal and that we couldn’t afford to stay here,” co-owner Bob Contant told the NYT, but things […]
