 In early October 2006 Coliseum's founder-and one of its co-owners-George Leibson announced that by the end of the year Coliseum Books would once again close, most likely permanently.Among the reasons cited for the possible failure of the newest incarnation of Coliseum were an inability to connect with potential book-buyers in its new market, high real estate prices and the decline of independent booksellers within New York City.Coliseum Books' final day of business was Saturday, January 6, 2007.