12 July 2009

Donnell Library in Suspended Animation

New York Public Library's stalled-out deal with Orient-Express Hotels has been reaffirmed, according to City Room. Donnell Library was dealt in 2007, but the hotel chain suspended its payments earlier this year, citing financial difficulties. The sale will now close in June 2011. That's right: four years after the original agreement and three years hence the library's shuttering. Great planning!

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