Coliseum Books' Fighting Spirit

After closing in 2002, the renowned Big Apple bookstore is reopening. Owner George Leibson tells how he plans to beat Amazon and Borders

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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