Our company in the news again . . .

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Our company in the news again . . .

Posted By: Fort Lee Online
Date: Friday, 24 October 2003, at 4:06 p.m.

From today's "Record", regarding our "Save The Bottom Line!" web site:
New hope for The Bottom Line
Friday, October 24, 2003
ASSOCIATED PRESS
NEW YORK - Once again dancing away from extinction, The Bottom Line received another reprieve Thursday when a Manhattan judge reserved decision on an effort to evict the historic nightclub.
Civil Court Judge Donna Recant, after a hearing between the club and landlord New York University, said she would take up to a month to issue her decision. That gives the owners of the nearly 30-year-old club and NYU another chance to reach a deal.
"If I can buy them more time to structure a deal, then I'll be happy," said Bottom Line attorney Mark Alonso before the judge offered the two sides another opportunity to do just that.
If no deal is reached, the judge can order The Bottom Line to pay its back rent of more than $190,000 and leave its Greenwich Village home. Or she could decide the case belongs in another venue, and NYU would have to refile.
She could issue her order any time in the next 30 days.
For The Bottom Line, there were new pledges of financial assistance for beleaguered owners Allan Pepper of Tenafly and Stanley Snadowsky. Rocker Bruce Springsteen and Viacom President Mel Karmazin pledged several hundred thousand dollars for the preservation and renovation of the club, the owners said.
The interest was personal for Springsteen, who played a series of 10 unforgettable dates at the club in 1975.
"As a musician, as a citizen, and as one who loves New York City, I sincerely hope that a solution can be found that allows The Bottom Line and Allan and Stanley to continue their important, valuable work for many years to come," Springsteen said in a statement posted on www.savethebottomline.com, a Web site operated by Carmine DeMarco of Cliffside Park.
According to Alonso, the sticking point remains that NYU wants to double the $11,250 per month rent under a new lease. He called that proposal "extortionate and irrational," although the current rent is about half market value.
Copyright © 2003 North Jersey Media Group Inc.

Messages In This Thread

FLO Our company in the news again . . .
Fort Lee Online -- Friday, 24 October 2003, at 4:06 p.m.

FLO ...and in national press coverage, too!
Fort Lee Online -- Friday, 24 October 2003, at 10:36 p.m.

FLO . . . and international!
Fort Lee Online -- Friday, 24 October 2003, at 11:00 p.m.

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