The Board of Supervisors voted Tuesday to lease the Bill Graham Civic Auditorium for 20 years to a music promotion company planning big renovations to create an improved concert venue. The agreement will bring the city $100,000 annually, but some workers are left wondering if they will be retained by the new building management.
The Bill Graham Civic Auditorium, named after a rock promoter in 1992, will now be leased to a music promotion company.
Originally named the San Francisco Civic Auditorium, the building has been a staple of San Francisco’s Civic Center Plaza since it was constructed in 1915 for the Panama-Pacific International Exposition. But this year, after becoming another victim of budget woes, it will no longer be managed by the city.
The Board of Supervisors voted Tuesday to lease the four-story and one-square-block building to the Delaware-based BGCA Management for a period of 20 years, starting at a base-rent of $100,000 per year.
The contract also requires BGCA to spend at least $10 million on renovations, and for 50 days each year allows the city to retain use of the building, which was named after former rock promoter Bill Graham.
“While this facility at one time — half a century ago — was the premier civic auditorium for conventions,” said Supervisor Bevan Dufty, one of the measure’s sponsors, “as recently as two years ago, the city was expending up to $1 million just to maintain the facility.”
BGCA is an affiliate of Anot