> but it is not clear whether or how the theater would get that new lease at a rate it can afford Can any theater afford a ground level space at current San Fr

> but it is not clear whether or how the theater would get that new lease at a rate it can afford Can any theater afford a ground level space at current San Francisco prices? If a theater can only afford to be in San Francisco because of Prop 13 then we should recognize that as a form of taxpayer subsidy for the theater. If there is the political will for taxpayers to subsidize theaters (why not, art is nice), then why not subsidize a theater's lease on the 5th floor of some building, instead of preventing building up by subsidizing a one storey theater on the ground floor? But I think there's a good argument to be made that the taxpayer subsidy process should be more transparent and less arbitrary than "whichever theater bought its land longer ago gets a bigger subsidy".