Isn't this a more likely reason for the lawsuit than "We won't be able to do exterior renovations as easily"? Wouldn't you be upset if the city devalued your property by fifty million bucks?
New York's Strand bookstore fights back over landmark status
41–50 of 79 posts
Re: New York's Strand bookstore fights back over landmark status
#42Re: New York's Strand bookstore fights back over landmark status
#43Isn't the real story here that this family bought the building in 1996 and would stand to profit perhaps a hundred million dollars if they sold it today? The landmark status might cut that value dramatically, maybe by more than half. Isn't this a more likely reason for the lawsuit than "We won't be able to do exterior renovations as easily"? Wouldn't you be upset if the city devalued your property by fifty million bu…
Think of it this way, without New Yorkers, this building would be worthless.
Re: New York's Strand bookstore fights back over landmark status
#44I fully support landmarking buildings -- it's in the public interest, for future generations, and I still lament the loss of the old Penn Station. And many times (usually?) it's uncontested -- current owners find value in its historical authenticity, and any future buyer is well aware they can't change it. BUT -- in the case of a functioning business that has no need for the status and finds it harmful for business r…
Re: New York's Strand bookstore fights back over landmark status
#45I fully support landmarking buildings -- it's in the public interest, for future generations, and I still lament the loss of the old Penn Station. And many times (usually?) it's uncontested -- current owners find value in its historical authenticity, and any future buyer is well aware they can't change it. BUT -- in the case of a functioning business that has no need for the status and finds it harmful for business r…
Unconstitutional? I am not aware of any part of the constitution that prohibits landmarks.
Re: New York's Strand bookstore fights back over landmark status
#46The real issue here is corrupt politics in NYC. Why should owners of the Strand and other old buildings have to pay (through decreased property values and development opportunities) to keep the "character of the neighborhood" when others are allowed to build high rises?
My understanding is that this new historic zone was created partially to get other large developments approved.
Re: New York's Strand bookstore fights back over landmark status
#47Every year around a certain date, the meaning of which is opaque to me, I receive a package sent from the Strand bookstore containing a very nice expensive book. First couple years I called to ask who the sender was, they read back my name to me. I asked them to describe the purchaser, it took a bit of doing but indeed someone remember them and described what I look like. I've never been to New York or the Strand, bu…
Re: New York's Strand bookstore fights back over landmark status
#48I fully support landmarking buildings -- it's in the public interest, for future generations, and I still lament the loss of the old Penn Station. And many times (usually?) it's uncontested -- current owners find value in its historical authenticity, and any future buyer is well aware they can't change it. BUT -- in the case of a functioning business that has no need for the status and finds it harmful for business r…
Re: New York's Strand bookstore fights back over landmark status
#49I fully support landmarking buildings -- it's in the public interest, for future generations, and I still lament the loss of the old Penn Station. And many times (usually?) it's uncontested -- current owners find value in its historical authenticity, and any future buyer is well aware they can't change it. BUT -- in the case of a functioning business that has no need for the status and finds it harmful for business r…
[1] https://www.wsj.com/articles/when-a-home-is-suddenly-called-...
[2] https://www.tampabay.com/storyimage/HI/20190510/ARTICLE/1905...
Re: New York's Strand bookstore fights back over landmark status
#50Every year around a certain date, the meaning of which is opaque to me, I receive a package sent from the Strand bookstore containing a very nice expensive book. First couple years I called to ask who the sender was, they read back my name to me. I asked them to describe the purchaser, it took a bit of doing but indeed someone remember them and described what I look like. I've never been to New York or the Strand, bu…
Clearly you from the future with an encoded message in the book.