Fox extends its TV station lease to wait out Century City revamp.Fox extends its TV station lease to wait out Century City revamp re·vamp tr.v. re·vamped, re·vamp·ing, re·vamps 1. To patch up or restore; renovate. 2. To revise or reconstruct (a manuscript, for example). 3. To vamp (a shoe) anew. n. Twentieth Century Fox last week extended its lease with Metromedia Co. for the Hollywood property occupied by KTTV Channel 11, allowing the station to remain at its location on Sunset Boulevard Sunset Boulevard is a street in the western part of Los Angeles County, California, that stretches from Figueroa Street in downtown Los Angeles to the Pacific Coast Highway at the Pacific Ocean in the Pacific Palisades. until Fox's planned expansion and renovation of its Century City property is completed. The extension also means a temporary reprieve reprieve (rĭprēv`): in law, see pardon. for the Fox Tape sound stage facility, located at the Fox Television Center
The station's lease was to expire expire /ex·pire/ (ek-spi´er) 1. to exhale. 2. to die. ex·pire v. 1. To breathe one's last breath; die. 2. To exhale. in 1992, but the extension will allow KTTV to stay in Hollywood until Nov. 29, 1994, with an option for an additional year. Terms of the lease were not disclosed. "The purpose is to eliminate the need for an interim site," said Fox spokeswoman Anne Corley. "We do expect the Century City site to be ready around November of 1994." Fox is seeking Los Angeles City Council  The Los Angeles City Council is the governing body of the City of Los Angeles, California, United States. approval on a rezoning of
its 54-acre studio facility in Century City to allow for more studio and
office space, plus the relocation RELOCATION, Scotch law, contracts. To let again to renew a lease, is called a relocation.2. When a tenant holds over after the expiration of his lease, with the consent of his landlord, this will amount to a relocation. of KTTV to the parent company's home base. The rezoning is facing opposition from a couple of homeowner groups, so Fox also has been examining alternative sited for its studios. Handelman has said that Fox either will expand in Century City, or it will move out if the rezoning is rejected. Fox also has been shopping around recently for a temporary place to locate KTTV while the expansion/renovation was being completed. Earlier this month, Burbank officials said they still were hoping to lure lure the skin-covered object which runs on a monorail on a Greyhound racing track and which the dogs are schooled to chase. The lure must be kept 30 to 40 ft ahead of the leading dog so that the field is stretched out. KTTV to their community. Observers said it seemed unlikely Fox would renew the Hollywood lease, and a move next year looked inevitable. Handelman said in June that the company was planning to close its Fox Tape sound stage facility in conjunction with the planned 1992 move, eliminating about 100 jobs. The extended lease in Hollywood eliminates the need for such a move in 1992, at lease until the rezoning issue is settled, along with the need to close Fox Tape. But Handelman said he is unsure how many people will work at Fox Tape after next year. "Could be 50; could be 75; could be 100," Handelman said. Many of the Fox Tape jobs are not staff positions, but are classified as "daily hires." Fox also has been asked by the city to study the impacts of a Century City expansion minus the relocation of KTTV there. |
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