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IV. Jacobs' Use of the Property
From 1981 to 1986, Jacobs spent approximately $829,41514 to
restore and improve the Redwood City Fox. The work performed
included, among other things, an upgrade of the electrical
system, including installation of a Dolby sound system and
replacement of much of the stage lighting; the installation of
stairs in, and the rehabilitation of, the plenum area of the
auditorium; renovation of the restrooms in the public areas of
the auditorium and the retail/office areas; repair of the roof;
installation of new carpet, draperies, tile work, and painting;
restoration of the wood and plaster parts of the theater;
installation of new doors and door frames, including oak doors at
the main theater entrance; installation of new theater seating;
rehabilitation of the ceiling perimeter neon lighting system in
the auditorium; and complete retrofitting of the dressing rooms.
Additionally, the retail/office spaces were completely renovated,
including installation of the mezzanines in both the West and
East retail spaces. Jacobs oversaw the renovation, putting in
about 2,000 hours of his time, while the workers he hired
performed about 60,000 hours of work.
14 While the record is not clear as to the exact amount
Jacobs spent to restore and renovate the Redwood City Fox, we are
satisfied, and respondent agrees, that Jacobs spent at least
$800,000 to restore the property. We find that the most accurate
figure is $829,415 based upon the evidence.
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