Composer and Hamilton creator Lin-Manuel Miranda and three of his collaborators on the massively successful musical have saved a famed 100-year-old specialty theater bookstore in New York City from going out of business. Facing unaffordable rent in Times Square, the Drama Book Shop was on death's door even as it sought a new location. According to the New York Times, the city has committed to help identify a new location in Midtown Manhattan. From the New York Times:
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The new owners of the store are Mr. Miranda; Thomas Kail, the director of “Hamilton”; Jeffrey Seller, the lead producer; and James L. Nederlander, the president of the Nederlander Organization, which operates the theater in which the show’s Broadway production is running. They purchased the store from Rozanne Seelen, whose husband, Arthur Seelen, had bought it in 1958. (He died in 2000.) Ms. Seelen said she sold it for the cost of the remaining inventory, some rent support in the store’s final weeks, and a pledge to retain her as a consultant.
“It’s the chronic problem — the rents were just too high, and I’m 84 years old — I just didn’t have the drive to find a new space and make another move,” she said. “Lin-Manuel and Tommy are my white knights...”
“When I was in high school I would go to the old location and sit on the floor and read plays — I didn’t have the money to buy them,” Mr. Miranda said...