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New York's Strand bookstore fights back over landmark status

theguardian.com

41–50 of 79 posts

Re: New York's Strand bookstore fights back over landmark status

#41
Isn'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 bucks?

Re: New York's Strand bookstore fights back over landmark status

#43
post #41

Isn'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…

Sure, but New York is not only for the property owners. I think it's good that we have a say in how our community develops.

Think of it this way, without New Yorkers, this building would be worthless.

Re: New York's Strand bookstore fights back over landmark status

#44

I 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

#45

I 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.

It isn't hard to argue that this is a taking in the 5th amendment sense. Similar arguments have been made (and sometimes won) about ecological designations - a taking doesn't need to deprive you of _all_ use of property to be a taking.

Re: New York's Strand bookstore fights back over landmark status

#46
Given the political leanings of the Strand's audience and the leanings of the books they showcase, I would assume the owners are likely left leaning as well. And it's weird to think that they may very well have supported landmark laws in general... until it applied to their building.

The 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

#47

Every 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…

Fascinating story, what kind of books do you send to yourself?

Re: New York's Strand bookstore fights back over landmark status

#48

I 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…

You were around for the original Penn Station?

Re: New York's Strand bookstore fights back over landmark status

#49

I 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…

Like you I support landmarking buildings but after reading about the "Doc Webb House" in this week's WSJ[1] I absolutely agree with you that the current process lacks any sort of balance between the owners' interests and the public's interest. Even worse, it seems some people are starting to use the landmark designation as a way to manipulate the value of property they want to buy. And, much like the building occupied by the Strand, I don't really see the architectural significance[2] and I'm not sure I would consider a building historic simply because it had a notable occupant at some point.

[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

#50
post #16

Every 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.

If red-indian gets a sports almanac, how about a couple trifectas for the HN folks?
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