Coliseum Books' Fighting Spirit
For many New York book buffs, the memory of what happened on January 31, 2002, still brings a heartfelt sigh. After 27 years at the corner of 57th Street and Broadway, Coliseum Books closed its doors, the victim of soaring commercial rents and crushing competition from national chains like Borders (BGP ) and Barnes & Noble (BKS ). For weeks before the Coliseum sign came down, faithful customers came to hunt for going-out-of-business bargains and pay their last respects.
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