The value of the real estate over-reaches the potential of the bookselling business, In an average cost structure, the store would be viable and profitable. In downtown Calgary, not so much.
Given that they own the building, is that taxes are did they get an offer the just couldn't refuse? Either way Stephen avenue just lost it's most interesting shop.
- Peace
2 comments:
My first job was in that building when it was called Attic Corrosion. I have a lot of memories in that place. Ironically, I was sad to see it become a book store =)
wow, that sucks.
(obviously, my comment is indispensable. :S)
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