Comedy club signs new lease ensuring its survival at current location

By Laura Waxmann :sfexaminer – excerpt

The Punch Line Comedy Club has signed a sublease with Google that will enable the beloved comedy club to remain at its 444 Battery St. home, the San Francisco Examiner has learned.

Details of the lease agreement remain unclear. Supporters of the Punch Line, including Supervisor Aaron Peskin, were seeking a 10-year commitment to keep the club in place.

After being threatened with the loss of the club’s lease this spring, a Punch Line representative said earlier on Monday that management was “optimistic” about ongoing negotiations with its landlord and Google — which is leasing parts of the building — over a possible lease extension…

On Monday afternoon, the club was granted legacy business status through a city program that aims to preserve independent, locally-owned and long-running San Francisco businesses by providing financial incentives for property owners who agree to 10-year-lease extensions. State law does not allow restrictions on commercial leases.

The status is granted to businesses nominated by a city supervisor that meet certain criteria, including having operated in The City for 30 years or longer…(more)

Saving San Francisco culture, one building at a time.

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