The Board of Trustees of San Francisco’s City College is contemplating whether to foreclose on the New Mission Theater and an adjacent property or extend current owner Gus Murad’s late-payment deadline by four months.

As the Bay Guardian reported on July 29, Murad has been late with his payments and the trustees were expected to hear his argument in favor of an extension at a hearing on the 29th. They have not yet made a decision.

Murad wants to build affordable housing on the site adjacent to the theater, formerly a Giant Value store.

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