The Board of Supervisors Budget and Finance Committee sent to the full board a proposed 20-year lease for the operation of Bill Graham Auditorium in the heart of the Civic Center. The proposed lease with local promoter Another Planet, which also puts on the Outside Lands concert in Golden Gate Park, is being praised by supporters as a perfect opportunity to revitalize the Civic Center area by bringing more foot traffic to the area and more customers to the surrounding businesses.
The lease, however, has opposition. The labor union workers currently employed by the company in charge of the auditorium want a deal in place with Another Planet before the lease is approved.
With outstanding labor issues, the committee forwarded the proposed lease to the full board for a vote Tuesday, but did not take a position on recommending its approval or disapproval.
The proposed lease with The City is for a 20-year term with two five-year options. Another Planet would sink $10 million into the venue, making acoustic, seating and other improvements. Base rent would be $100,000 a year with annual increases of 2.5 percent, with provisions of additional city payments if the venue is having great success.