Apparently, Cooper Union is broke, which means St. Mark’s Bookshop owners Bob Constant and Terry McCoy’s request for a rent deduction was denied.
From the Daily News: “…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.’”
On the bright side, the owners have said that the number of people visiting the store and purchasing books has helped.