To the Honorable Mayor Adams: 
We, the signers listed below, ask you to save Theatre 80 Saint Marks with your power of eminent domain and give the building to "Historic 80 Saint Marks," the 501c3 your administration helped to empower. 

The two-year shutdown of businesses by New York State devastated NY's theaters and bankrupted the owners, the Otways, when a predatory firm purchased their mortgage and doubled their debt.  On May 9, Theatre 80's building sold at an "auction" with only two bidders for 8.8 million dollars to , a former tenant of the Otways.  Your use of eminent domain would discourage further disaster profiteering, and it would address the public need. Last year, NY lost 55% of its theater jobs according to Comptroller Thomas DiNapoli.  

Although the Otways will lose 15 million dollars in equity, they would at least have a home and a job. The federal government turned these hardworking senior citizens out on the street with no resources, a couple who have given their lives to the theater.

This injustice must be addressed by you, Mayor Adams. 

Write the mayor

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