Marcus Books in Trouble???
Say it is not so! Oakland based Marcus Books, the oldest Black owned bookstore in the US is facing foreclosure and possible auction.
Nations largest Black Bookstore FacesForeclosure
The Bay Area landmark, based in Oakland, has provided a wealth of resources on African American history and culture since 1960. But it's now in deep financial trouble, its future in jeopardy.
The store's manager says a Ponzi scheme and a subprime loan have landed the family-run business in foreclosure.
"I believe if there was not a Marcus Books you would not be able to find these resources anywhere else," said Blanche Richardson, the bookstore's manager. "Not in the libraries, certainly not in the schools."
I'm not sure how I feel about this. Actually, I am beyond disturbed by this. I've shopped at Marcus Books since I was a teen ager, attended book signings, joined their book clubs and more.
First Karibu, now Marcus Books. Geesh!
Nations largest Black Bookstore FacesForeclosure
The Bay Area landmark, based in Oakland, has provided a wealth of resources on African American history and culture since 1960. But it's now in deep financial trouble, its future in jeopardy.
The store's manager says a Ponzi scheme and a subprime loan have landed the family-run business in foreclosure.
"I believe if there was not a Marcus Books you would not be able to find these resources anywhere else," said Blanche Richardson, the bookstore's manager. "Not in the libraries, certainly not in the schools."
I'm not sure how I feel about this. Actually, I am beyond disturbed by this. I've shopped at Marcus Books since I was a teen ager, attended book signings, joined their book clubs and more.
First Karibu, now Marcus Books. Geesh!
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