Comments on: Tower Theater's Price Falls Below $2,000,000

By: zinzin

zinzin — Mon, 13 Jul 2009 17:36:46 +0000

the economics would be tough. brew & view would crush, but you’re still only pulling maybe $20 / pp / per visit. not a lot. above that is prohibitive. (ie would you pay much more than $20 to go there? maybe 30? for movie / brew / eats?)

the bldg is 2M, then there’s likely that much at least in renovations & seismic. then permits & insurance. then start-up costs (which would be, actually, pretty low).

one could start a company to buy & reno the bldg, get the biz going, and then lease out the concessions (beer / wine to some local brewer / maker, food to some local chef). profits would come from those rents, and the movie biz.

maybe that would work. maybe.

or (i like this idea) one could RAISE FUNDS to buy the bldg and operate as an NGO, employ folks strictly from the 94110, lease out concessions, and put all the net profits into Homeys. or Dolores Street Services. or some such.

By: Kevin Montgomery

Kevin Montgomery — Mon, 13 Jul 2009 17:17:10 +0000

A good way around it is to get a Beer and Wine license (it’s only liquor–a.k.a. hard booze, licenses that are in lock-down).

By: TJ

TJ — Mon, 13 Jul 2009 17:14:26 +0000

A brew and view would crush it, but isn’t there a lock-down on booze licenses in the Mission right now? I wonder if there’s any way around that. And would the entity that purchased a space like this be the likely ones to eventually operate it, or is it more likely that it just gets bought by a real estate management corp. that would, in turn, lease it to some enterprising folks who wanted to do something with it. Not sure how that normally works for properties like this one.

By: Mike

Mike — Mon, 13 Jul 2009 15:45:11 +0000

We need a brew and view in this space.

By: Today’s Mission 07.11.09 | Mission Loc@l

Today’s Mission 07.11.09 | Mission Loc@l — Sun, 12 Jul 2009 02:17:29 +0000

[...] District. According to Mission Mission the asking price of the Tower Theater on Mission near 20th has dropped below $2 million. Rustle up your piggy banks to pony up the $1,988,000 and it’s yours. As Johnny0 of Burrito [...]

By: Stucco Sux

Stucco Sux — Sun, 12 Jul 2009 01:26:32 +0000

I hate my juvenile handle. Why can’t I come up with something catchy like Burrito Justice? Here’s what vexes me — with all the cash sloshing around in this town, why can’t a local theater company (Rhino just moved out of their space because of the 16th & So. Van Ness vibe) buy the place and renovate?