Supes to vote on Bill Graham Civic Auditorium lease 

The Board of Supervisors Budget and Finance Committee meets Wednesday to vote on a lease with BGCA Management, LLC  for a 20-year term with two five-year extension options.

The lease “will transform the historic Bill Graham Civic Auditorium into a high-quality concert venue at no cost to The City. Additionally, The City will continue to have rights to use the facility for civic events and other City purposes,” according to Mayor Gavin Newsom’s budget proposal.

“This lease will not only maximize revenues, but the operators will also invest approximately $10 million in initial improvements to create a state-of-the-art concert venue. Ultimately, these improvements and increased use of the Bill Graham Civic Auditorium will revitalize the Civic Center area and stimulate the commercial business activity in surrounding neighborhoods.”

The committee meets 11 a.m. Wednesday at City Hall in Room 250.

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