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TERRENCE MCCOY

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…


Cooper Union Wavers On Rent Reduction For St. Mark’s Bookshop

Bookshop ownersJamie Larson St. Mark’s Bookshop owners Terrence McCoy and Bob Contant say Cooper Union will not reduce their rent. The university, however, says no decision has been made.

The St. Mark’s Bookshop’s fate may still hang in the balance — at least according to Cooper Union. Though the beloved bookstore’s owners have abandoned hope of getting a $5,000 rent reduction, a Cooper Union spokeswoman insisted today that no official decision has been made.

After a meeting yesterday with top administrators from the school, bookshop co-owner Terrence McCoy was left with the clear impression that a reduction of the $20,000-a month rent was not in the cards.

“They said they couldn’t do anything — that all they could do was defer one month’s rent,” Mr. McCoy said. “I don’t want to have more debt.” Read more…


Video: Michael Moore Joins The Fight For The Bookshop

Michael Moore at St. Mark's bookstore 7Liv Buli Michael Moore addresses the crowd at St. Mark’s Bookshop.

A book signing at St. Mark’s Bookshop by Michael Moore turned into a rally for the embattled store on Thursday, as the champion of the left exhorted patrons to continue buying literature in person.

“At some point you just have to stop and stand up and say: ‘No more,’ ” Mr. Moore shouted to the roughly 100 people packing the store on Third Avenue.

Mr. Moore’s appearance reaffirmed the sudden swell of affection for the Bookshop, which has gone from a store struggling to turn a profit into a symbol of the rapidly changing neighborhood in only one month.

“It comes down to a simple bookstore here on the corner of Third Avenue and Ninth Street in the East Village in New York City,” Mr. Moore said in between criticism of corporate executives and appeals to the store’s landlord, Cooper Union.
Read more…