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Author Topic: NYC's ex-prince of porn,"Richard Basciano" dies at 92  (Read 33 times)

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NYC's ex-prince of porn,"Richard Basciano" dies at 92
« on: May 12, 2017, 02:28:36 AM »
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Richard Basciano, NYC's ex-prince of porn who made a fortune with his Times Square sex shop, dies at 92.

The death on Monday was unexpected despite his failing health, said family attorney, John Ehrhart.

Basciano owned several neglected, but highly valuable, buildings between 42nd and 43rd Sts. along Eighth Ave.

The former porn purveyor had gotten many offers from major developers for his infamous Show World building at 42nd St. and Eighth Ave.

Basciano lived above the “sex emporium” in Midtown and also spent time in Philadelphia to keep an eye on his growing real estate portfolio.

But it was difficult for him to sell the famous building due in part to an acrimonious split with his business partner, comedy club impresario Jamie Masada.

“Show World is going to close,” Basciano told Crain’s last year. “This real estate is very valuable.”

That never happened.

“I don’t think he wanted to close Show World out of loyalty to the longtime employees who worked there,” Erica Dubno, a lawyer who defended porn businesses in the area, told Crain’s.

In the late ’90s, Basciano made about $14 million — “less than market value” — from the state condemnation of his buildings, he told the Daily News in 2008.

He never forgave smut-busting former Mayor Rudy Giuliani, now an adviser to President Trump.

“I am his nemesis,” Basciano said.