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DEBT

Bookshop Meets Fundraising Goal, Not Out of Woods Yet

Bookshop ownersJamie Larson Bookshop owners Terrence McCoy and Bob
Contant.

The constantly-embattled St. Mark’s Bookshop surpassed its goal of $23,000 today, though that doesn’t mean the beloved store’s survival is certain.

“This first big chunk at least guarantees that we will keep fighting because you have shown everyone that there is a reason to,” the owners wrote in a thank you note posted online.

Currently, the store has raised over $24,000 and still has three days of fundraising left.

But in a phone conversation co-owner Terrence McCoy said many hurdles remained. For one, the store’s shelves are disconcertingly empty due to the fact that some publishers have stopped shipping new books due to unpaid bills. The owners are seeking investors who could fund the new storefront, but thus far, any potential backers have favored the existing location, Mr. McCoy said.

“I can’t say that we’re going to instantly move,” he added. Read more…