St. Mark's Bookshop crowdsources moving costs

The embattled St. Mark's Bookshop has a new defender. Lucky Ant, a year-old, hyper-local crowd-funding platform, is helping the 35-year-old East Village literary landmark raise the money it needs to move to a cheaper location. The online campaign, at Luckyant.com, launched Wednesday at midnight, with the goal of raising $23,000 in 25 days in small donations from the store's supporters. They'll receive what Lucky Ant calls "returns" on their "investment": a $10 gift certificate for a $10 donation, for example, or 15% off all bookstore purchases for a year, for a $500 donation. The economic downturn, online book buying, the rise of ebooks and increases in the store's rent have all taken a toll on the St. Mark's Bookshop, once a hangout for such storied literary figures as Susan Sontag and William S. Burroughs. It won a reprieve last fall, when its landlord, Cooper Union, agreed to a temporary $2,500 rent reduction following a petition drive by supporters that brought in more than 40,000 signatures. That reduction runs out in November, and subsequent hikes will bring the total to nearly $23,000 as of Jan. 1, according to a Cooper Union spokeswoman. The store says it pays around $18,700 per month. "It's in our interest to move as soon as possible, but we need to raise the capital to do that," said Bob Contant, co-owner of the store. He and co-owner Terry McCoy are looking to stay in the East Village and downsize to around 2,000 square feet from 2,700—and pay about half the... Continue reading at 'Crains New York'

[ Crains New York | 2012-07-26 00:00:00 UTC ]
News tagged with: #funds raised #creative projects

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[ Publishing Perspectives | 2015-06-17 00:00:00 UTC ]
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Amazon's London move 'complete'

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[ The Bookseller | 2015-06-16 00:00:00 UTC ]
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Bookshop proposal for literature lovers

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[ The Bookseller | 2015-06-13 00:00:00 UTC ]
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Syrians Open New Arabic and Multilingual Bookshop in Istanbul

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[ Publishing Perspectives | 2015-06-08 00:00:00 UTC ]
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New app compares Amazon price with indie bookshops

Entrepreneur Will Cookson has developed an app which sends people to independent bookshops when they browse on the Amazon website. Cookson, who describes himself as an entrepreneur and creative director, has invented Bookindy, an extension for the Google Chrome browser which, when downloaded,... Continue reading at The Bookseller

[ The Bookseller | 2015-06-06 00:00:00 UTC ]
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Eso Won to Move in August

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[ Publishers Weekly | 2015-06-05 00:00:00 UTC ]
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[ Publishers Weekly | 2015-06-05 00:00:00 UTC ]
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New Bookindy app helps bookshops fight back against Amazon

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[ The Guardian | 2015-06-04 00:00:00 UTC ]
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Nosy Crow series tops one million sales mark

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[ The Bookseller | 2015-06-03 00:00:00 UTC ]
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BEA 2015: Europa Editions Marks 10 Years

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[ Publishers Weekly | 2015-05-28 00:00:00 UTC ]
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[ Publishers Weekly | 2015-05-27 00:00:00 UTC ]
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Cost-cutting Newsquest/Gannett goes on the acquisition trail

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[ The Guardian | 2015-05-26 00:00:00 UTC ]
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Lam's Dark Circus moves to Pan

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IWM moves to 'voluntary donation' scheme

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[ The Bookseller | 2015-05-15 00:00:00 UTC ]
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Thomas moves to Orion Children’s

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[ The Bookseller | 2015-05-09 00:00:00 UTC ]
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