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October 07, 2008
Rising Rents Force Another New York Arts Group Out
Like many arts groups in New York in the past decade, the Paul Taylor Dance Company is losing its lease on its downtown home for the past 20 years to make room for a national retail chain store, The New York Times reports.
The cost of a Manhattan lease for many of the city’s nonprofit groups has skyrocketed as national chains like Best Buy, Adidas, Urban Outfitters, Levi’s, and Sephora have come to dominate the city’s commercial areas, including the stretch of downtown Broadway near the Taylor group’s headquarters.
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