No Break on Rent for St. Mark's Bookshop

Via Mediabostro, we get this article from the NY Daily News, that says the St. Mark's bookshop will not get a rent break from their landlords:

The struggling St. Mark's Bookshop was dealt more bad news Tuesday when its owners were told they will not receive a rent reduction.

Owners Bob Contant and Terry McCoy found out their bid for a $5,000 rent cut was nixed by landlord Cooper Union in a meeting with T.C. Westcott, a vice president for finance and administration at the arts and engineering school.

"They don't feel they can do anything in terms of the rent," McCoy said. "She started out by telling us that Cooper is really losing a lot of money."

Westcott told them Cooper Union is "broke," McCoy said.

She did offer Contant and McCoy a deal: They can defer a month's rent and pay it back over time.

And, via Mediabistro:

Don’t forget, as Don Linn pointed out: “You want to save St Marks Bookstore, go over there and buys some books from time to time.”

And, if you haven't, sign the petition.