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Theatre 80 St. Marks owner, told to vacate by August, fights on to keep building

BY LINCOLN ANDERSON | The plot thickened for Theatre 80 St. Marks this week — and, unfortunately, not in a good way.

On Tuesday, a Bankruptcy Court judge appointed an overseer for the sale of the property, at 80 St. Mark’s Place, between First and Second Avenues.

According to Lorcan Otway, the second-generation owner of the classic East Village venue, he and his wife Genie, now face the prospect of becoming impoverished and homeless. He is being told they have to be out of the place as soon as this August.

“We’re going to lose everything we own, including our personal property,” Otway told The Village Sun two weeks ago. “They’re trying to take not only the building — we will be living in a homeless shelter with literally only the clothes on our back.”

Otway owes a debt of $9.3 million to a lender, Maverick Real Estate Partners — and Maverick wants its money. The debt was only $6 million when Hershmark was the lender, but then shot up after Hershmark sold it to Maverick 16 months ago, “behind our back,” Otway said. To stave off a forced auction of the property under Maverick, Otway declared Chapter 11 bankruptcy reorganization this past December, buying some time.

More to the point, the COVID shutdown was crippling for Theatre 80, making what’s going on now basically an “illegal taking,” in Otway’s view.

“This is such a rare occurence, where the government would shut down whole classes of businesses for two years,” he said, speaking on Wednesday. “There’s not a whole lot of case law on this. … Part of the test is: Have you totally destroyed the business? Because then it becomes a public taking. In this case, the answer is yes, they totally destroyed the business.”

Theatre 80 St. Marks also includes the William Barnacle Tavern and Foxface sandwiches. (Photo by The Village Sun)

After the Bankruptcy Court proceeding the previous day, Otway posted on Facebook to give an update. The court allowed him to make a statement in court, and he later shared it on the social-media channel.

“The elephant in this room is the COVID takings without just compensation,” he told the judge. “I beg the court to not destroy almost 60 years of my life’s work, endangering my ability to support my wife in our senior years, so that a predatory company can make an unusually high profit in the face of a worldwide disaster. … Citizens who willingly follow the government’s orders for the public good, should not be impoverished by that act of good citizenship.”

Citing former Supreme Court Associate Jutice Hugo Black in Armstrong v. United States, Otway also told the judge, “The Fifth Amendment’s guarantee that private property shall not be taken for a public use without just compensation was designed to bar government from forcing some people alone to bear public burdens which, in all fairness and justice, should be borne by the public as a whole.”

Otway’s desperation strategies now include refinancing and, hopefully, waging a legal battle if he can find a good lawyer who will represent him free of charge.

“I haven’t given up,” he told The Village Sun. “We are trying very hard to refinance. It will be a hard-money loan.”

And if he needs to keep fighting all the way up to the U.S. Supreme Court, he’ll do it, he said.

The loss of Theatre 80 wouldn’t just be a blow to him and his wife, he said, but for the East Village community and the larger theater and creative community, from Off-Broadway to around the world.

“I have made this place a resource for the community,” he said. “Whether there’s any issue in the community, whether I agree with it or not, I open my doors to it.

“You know “Charlie Brown” opened here in 1967,” he noted, referring to the “Peanuts”-based musical comedy, “You’re a Good Man, Charlie Brown.” “It’s a staple of theater history and community theater around the world.

“So this theft is more than just my wife and I,” he stressed. “It’s a theft from the world’s expectation that culture has a hatchery, a breeding ground.

“The courts have been partners in removing working-class ownership,” he fumed. “Both political parties are undoing every program from the New Deal and the Great Society that created working-class ownership. And the courts are assisting in giving all working-class property to a millionaire and billionaire class.

“The proper phrase should not be ‘hyperinflation,'” he scoffed. “It should be price-gouging to drive the working class out of the community we built.

“I have devoted my life since I was 9 to serving this community and I have nothing to show for it,” he said, bitterly but unbowed.

To wage an extended court fight, if necessary, he’ll need an attorney who will represent him for free.

“It’s a fact that we’ll likely go to the Supreme Court,” he said, “which is why we’ll need a lawyer that’s pro bono.”

The court has barred Theatre 80 from doing any more crowdfunding. Meanwhile, though, the place’s William Barnacle Tavern will be staying open, as will the theater / cabaret space.


  1. Michael Schumacher Michael Schumacher August 9, 2022

    Truly two of the best I ever encountered in the East Village. Besides shopping at my store for decades, you both inspired me with the kindness and support I needed when NYU was forcing me out. My doors will always be open to you and will and will never forget you.

  2. Mitchel Cohen Mitchel Cohen June 7, 2022

    Is there an organized “action group” of those who care, to plan out what to do about this?

  3. Lee Pfeiffer Lee Pfeiffer May 24, 2022

    This is a true New York tragedy. Lorcan and Genie are pillars of the community and have served that community for decades. Their theater and productions have enhanced the city, given opportunities to people who would go on to reach stellar heights in show business, and have employed countless people and treated them fairly. On top of it all, they are two of the most decent people you will ever meet — honest, hard-working and exceedingly generous. It’s a travesty that there are policies in place that will deprive them not only of their historic venue but also their home, since they live on the premises. The city owes a debt to people like Lorcan and Genie. Their departure from Theatre 80 will achieve nothing other than to line the pockets of the rich company executives who purchased their loan. If there is any justice, a socially conscious attorney will step forward to represent them pro bono and appeal this terrible decision all the way to the Supreme Court, if necessary.

  4. Mieir Mieir May 21, 2022

    Who will pay their debt?

  5. Lorcan Otway Lorcan Otway May 20, 2022

    This is not a new or unique struggle. Hubris is the natural and constant outcome of power. The takers in every society are never satisfied, and the more they take, the more they believe they deserve.
    This story begins with my own people leaving Normandy in 1066 and taking England. Hastings was only the beginning. Once we took control we continued to take, until at Runnymede, people rose up and said, “Enough.” Magna Carta was put in front of the takers and King John was forced to sign, and acknowledge that the State cannot take without some concept of fairness. Again and again, power is grasped by the few, and societies become ungovernable.
    It is hardly a surprise that, as this nation is torn away from those of us who built it, artists, workers and folks who put their blood and bone behind ideas to create, and while the political discussions are more and more limited behind advertisement and distraction, people can’t find rational outlets for their anger.
    In these times of outrage and outrageous injustice, we are losing the tools we need to heal this nation. Our theaters are being taken from us by large corporations that produce “art” in their favor. Great works like “To Kill a Mockingbird” become subverted by the “ethic” of Broadway, so that a piece about judicial discretion and restraint, becomes a ballad which holds that Atticus finds power in punching Bob Ewell in the nose, and lies are justified by being right. When we need a political culture of truth and restraint, we are told by the Broadway version of Mockingbird, that there is power in violence and lies.
    We need working-class theater, artist’s theater, genuine small and family businesses, and hope for hard-working Americans who believe they are working for a nation which rewards hard work, not with wages, but with ownership of their efforts. We need an end of the transfer of our nation’s prosperity to a few heartless and greedy who care nothing about the future of this nation and the very survival of the planet.

  6. Emily H Brown Emily H Brown May 19, 2022

    What a damn shame. Even if they’ve been banned from crowdfunding themselves, I wonder whether someone else could start doing it in their own name and then donate it to this couple as a gift?

  7. Stephen DiLauro Stephen DiLauro May 19, 2022

    It’s quite clear that the USA is rapidly moving toward out and out fascism. Both parties of the duopoly have ceded authority to their corporate overlords, as Lorcan Otway has noted. Now the courts are in on the repression, all the way up to the U.S. Supreme Court.
    Darker times are coming.

  8. Carol from East 5th Street Carol from East 5th Street May 18, 2022

    How can “the court” bar Theater 80 from crowdfunding????? What a personal disaster for the Otways and sad day for the community.

  9. Mary Reinholz Mary Reinholz May 18, 2022

    This is truly a tragic situation since Theater 80 has served the East Village community faithfully for many years, Here’s hoping an eloquent pro-bono lawyer will emerge to argue for putting people before profits and save a local institution for the next generation.

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