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East Village Theater Buildings Sold for $1 Each

The East Village's theater row, on East 4th Street between Second Avenue and Bowery, will not fall to a developer's ball. On Monday, the city agreed to sell its buildings on the block, plus several empty lots, to a newly formed community group for $1 each. Says one supporter, "The arts community is finally treated the same way and with the same values as we give Wall Street." Um, er. Yeah. Grotesque bonuses for everybody!
· The show will go on for E. 4th St. Theater Row [The Villager]