Paying off Anthe
It took two years and six months, but we have finally paid off the $267,000 loan we took out to purchase the Anthe Building – the Lost Art Press headquarters and fulfillment center.
This post is not intended as a gloat. Instead, it is an acknowledgment that for the last 30 months we have been living with a debt. And we have fought like crazy to get out from under it. And now that we have, we think that Lost Art Press is now 20 percent more unkillable.
This post is also a “thank you” to the hundreds of readers who helped pay for the $500,000 in repairs and improvements that were necessary to get the building functioning as an office, warehouse and storefront.
The repairs continue. After a massive flood this summer, we lost 3,000 books in the cellar to water damage. We are in the middle of making our building flood-resistant. And we have moved almost all our inventory out of the basement until we can direct more wat…
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