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During his ownership of the Redwood City Fox, Jacobs showed
classic films in the theater, as well as some live performances.
He also attempted to operate the Redwood City Fox as a dinner
theater. To this end, he installed an upscale French
delicatessen in the West retail space, which was operated by his
wife for 2 years.15 He used the East retail space to house his
antiques business and periodically held antique auctions.
Additionally, Jacobs moved his real estate development business
offices from nearby Sunnyvale, California, into offices he had
constructed in the backstage area of the theater.
Jacobs also leased the Second floor office space to the
County of San Mateo, commencing December 15, 1984. It was a 3-
year lease, but was terminated on December 14, 1986, prior to the
end of the lease term. The rent was $7,150 per month, with
Jacobs paying all expenses. This rent equated to approximately
$.90 to $1.00 per square foot.
By 1986, Jacobs was convinced that he could not operate the
Redwood City Fox profitably. Jacobs believed he had the
following alternatives with respect to the property: Raze the
building and develop the site himself for the construction of an
office building; sell the property to developers; or donate it to
an organization which would preserve the property. Jacobs wanted
15 After he closed the delicatessen, Jacobs renovated the
West retail area and converted it back to commercial use.
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