pages: CityCouncil/2005-08-16.pdf, 13
This data as json
body | date | page | text | path |
---|---|---|---|---|
CityCouncil | 2005-08-16 | 13 | working with the Architectural Resources Group (ARG) to assess the building; ARG has worked with engineers and other specialists to determine what needs to be done to bring the building up to code and to repair, reverse and restore some of the damage that has been done; a lot of seismic work has to be done, such as reinforcing the concrete façade marquee area that is only held up by four redwood posts; fire sprinklers have to be installed; the electrical and plumbing work has to be redone the water in the basement is a combination of a leak from a storm drain as well as ground water intrusion. The Development Manager stated that the lobby carpet was replaced; the mezzanine carpet is torn; the lobby mirror, mezzanine mural, and light fixtures have been removed; the curtain has suffered water damage; the floor of the auditorium has been built up buffer walls have been installed along side walls; holes were made in the auditorium ceiling for lighting; there is significant water damage along the alley due to a storm drain. Councilmember deHaan stated the retail revenue would be received from the historic theater; inquired whether retail revenue would be received from the Cineplex. The Development Services Director responded in the negative. stated that the developer is building the Cineplex with his own financing and would receive the rents from his own retail space. Councilmember deHaan inquired whether the rent revenue was significant to the developer to make the project work. The Development Services Director responded that the funding is part of the picture; the Cineplex retail is only 3,400 square feet. The Business Development Division Manager stated the revenue from the retail space counts toward the percentage rent the developer will pay. Councilmember deHaan stated one of the seven auditoriums in the new Cineplex has 78 seats; the historic theater balcony accommodated 150 seats; inquired what is the concern with renovating the balcony. The Development Services Director responded that the DDA allows the developer to use the balcony at a later point at his own expense if he chooses; the spaces are not soundproof, provide 62-64 seats each and would be used to show boutique films. Councilmember deHaan inquired whether the Cineplex building could Regular Meeting Alameda City Council 13 August 16, 2005 | CityCouncil/2005-08-16.pdf |