Jane Crocker, F.K.A. Jane C. Jacobs, et al. - Page 49

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          finally closed.  In 1975, the San Jose Fox was purchased by Dr.             
          Jose Borges for $300,000.  Dr. Borges wished to preserve the                
          historic splendor of the theater and to reopen it for use as a              
          movie theater.  Consistent with this, Dr. Borges spent                      
          approximately $700,000 for artistic restoration of the ceiling              
          and walls of the auditorium.  The seating and all carpeting were            
          removed.  However, Dr. Borges never reopened the San Jose Fox for           
          business.                                                                   
               In September 1985, the Redevelopment Agency of the City of             
          San Jose (Redevelopment Agency) purchased the San Jose Fox from             
          Dr. Borges for $2,010,000 in cash.  The Redevelopment Agency                
          planned to revitalize downtown San Jose which, at that time, was            
          rather seedy.  At the time of its purchase by the Redevelopment             
          Agency, the San Jose Fox had been dark since 1974 and was not in            
          operating condition.  There were neither seats nor carpeting in             
          the theater, and the entire theater needed cleaning, refinishing,           
          and restoration.  Additionally, the San Jose Fox was without a              
          ticket sales office, concession or food service areas, and public           
          restrooms to serve the ground floor seating area.  The balcony              
          restrooms needed expansion, and there was no handicapped access.            
          The theater required, among other things, upgraded plumbing,                
          electrical (including lighting) and HVAC systems, a new audio               
          system, and seismic reinforcement.                                          








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