Yeah, and now that I've been thinking about it, $75,000 is an EXTREMELY low estimate for their rent. I know two people who own restaurants in the area, both are a tiny fraction of the size of Tower and in prime but not quite as prime locations. One pays $20,000/month, the other pays $35,000/month; both signed their leases in 1999 or 2000. And, of course, the tiny CBGB space, which isn't in nearly as good of a location, is going on the market for around $30,000. It's hard for me to guess how much they are paying for that space, but on further reflection I would think it is well into the six figures. I'm actually a little curious... maybe I'll look into the bankruptcy documents if I get bored at work tomorrow...
Part of what killed the 4th and BWay location is that it was largely dependent on sales to NYU kids, who of course belong to the download demographic big-time.