Record Store Day co-founder may have to close record store

Record Store Day co-founder Eric Levin has been put in the unfortunate position of possibly having to close his own store, the Atlanta-based Criminal Records. Ironically, the stores growth led to the problems as a recent move to a 6000 square foot space after previously occupying 2500 square feet increased costs and that, coupled with the recession and music downloads - both legal and illegal - led to heavy debt for the store.

Levin said:

I gave myself until the 20th anniversary and if I was still drowning by August 2011, I'd pull the plug. And going further into debt [wasn't going to work] as the debt load is the problem that got me to this point. We've been underwater ever since the economy became distressed. We've been on a rescue mission for three years. I'm done paying for it by myself.

More on the story can be found via the AJC.