Just saw this from the NY1.com. There's a link to the NY1 TV news article on this story. Lots of nice images of the venerable bowling alley. Short interviews with employees , and with Jennifer Bashara, General Manager, who would love to buy the building from Century 21 or to work out some kind of compromise.
( RealAudio needed to see video Click on the yellow button if you have broadband, blue if you have a dialup connection )