The article goes on to mention that another great Toronto bookstore, This Ain't the Rosedale Library, rescued itself by moving to Kensington Market from Church Street. I've been to the new location and it's fantastic -- a great store for a great neighborhood. Visitors to Toronto, take note.
"Landlords seem to be recession-proof at this point," he says. "They're just keeping their prices up."
Currently, Glassman figures he's getting a good deal at $235,000 a year. But landlord Yoram Birenzweig, VP of Pinedale Properties, says the true market value at 256 Queen West is $100 a square foot - which my calculator tells me is $400,000 a year.
That's not what he's demanding Glassman pay, but even if they split the difference, it's all too much for Pages.
Glassman keeps stressing his relationship with Birenzweig is genial and that he's not getting screwed over.
"It's life," he says. "He appreciates what we're doing, [but] for him, if you can, you should make more money," he says.
(Image: Matthew Kim)