Tear'm both down. The city should not be held hostage by one developer. Both spaces can be put to better use. The theater is rotting away anyway. To those folks that want to restore it? Get yer buns busy then and round up the cash to buy the darn building or buy what 's left inside and scrap the building. That midtown trash dump is already a disaster.  An eye sore, a homeless refuge, a fire trap, speaking of which is probably what it will take for the city to deal with it. At the expense of some unfortunate innocent homeless person accidentally burned alive in that place.