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Committee approves forwarding lease amendment to keep New Conservatory Theatre Center at 25 Van Ness

San Francisco Board of Supervisors Budget and Finance Committee · September 20, 2018
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Summary

Real estate staff requested and the committee agreed to forward a lease amendment extending the New Conservatory Theatre Center’s tenancy through a new option period beginning Sept. 30, 2018 (running to Sept. 30, 2023) and preserving an additional option through 2028 after discussion of long‑running basement water intrusion problems.

Real estate staff presented a proposed lease amendment for the New Conservatory Theatre Center (NCTC) at 25 Van Ness that would commence a renewed five‑year extension period beginning Sept. 30, 2018 and run to Sept. 30, 2023, with a department request to preserve a subsequent five‑year option extending the lease through 2028.

Staff described a history of chronic water intrusion in the basement theatre space…

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