Jane Crocker, F.K.A. Jane C. Jacobs, et al. - Page 28

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          considered a legal nonconforming use due to the lack of on-site             
          parking.                                                                    
               A.  Theater Market                                                     
               As of the valuation date, there was a need for a large-                
          capacity live performance theater in San Mateo County.  The only            
          other large live performance theater in the area was the San                
          Mateo Performing Arts Center (SMPAC) at San Mateo High School,              
          approximately 9 miles northwest of the Redwood City Fox.  The               
          SMPAC has a seating capacity of 1,605, and is the largest                   
          publicly owned theater facility in San Mateo County.  It was                
          considered the best large theater in the area for live stage                
          performances and was tightly scheduled.                                     
               B.  Commercial Market                                                  
               Overall, the downtown commercial core of Redwood City has              
          declined as a community shopping district, but has grown as a               
          governmental and banking base.  Office rental in downtown Redwood           
          City is primarily based on a desire to be near the City of                  
          Redwood City and the County of San Mateo government offices.                
          Similarly, the majority of the commercial users in downtown                 
          Redwood City cater to the City and County employees, the dominant           
          workforce in the area.  As a result, traffic along Broadway is              
          diminished during the evenings and on weekends.                             









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