St. Mark’s Bookshop could be moving to a new location on E 3rd St
The financially troubled bookstore is reviewing a lease for a new space in the East Village and raising funds via Indiegogo to finance its move
Fri Mar 21 2014
Photograph: Tova Carlin
St. Mark's Bookshop may have found a new home on East 3rd Street near Avenue A. While no paperwork has been signed yet, co-owner Terry McCoy revealed that a proposed lease for the space is being looked over by a lawyer. This is great news for the local institution, which has been beleaguered by financial woes.
The beloved East Village establishment, founded in 1977, has been struggling for several years to keep up with its pricey rent at the corner of Third Ave and Stuyvesant Street. After successfully fund-raising over $24,000 in 2012, the indie bookseller was able to keep its doors open—but the relief turned out to be only temporary, with many of the retailer's shelves understocked due to unpaid bills to publishing companies.
Now, another crowdsourcing campaign is underway to finance the big move. According to its Indiegogo page, the store is asking for "support as St. Mark’s transitions to its new role in the community as store, event space and literary nonprofit."
There are some pretty sweet incentives for those willing to shell out. A $25 or $50 donation gets you a gift certificate of the same amount to the store, and a $100 donation will give you a 10 percent one-year discount. For those able to be a little more philanthropic, donations of $250 and more can earn you annotated books by famous local authors. Some of the annotated work includes margin scribblings by Junot Diaz, Patti Smith and Anne Carson. As of now, only about $8,000 of the $50,000 goal has raised, and the campaign ends April 26.
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Editor: Marley Lynch (@marleyasinbob)