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The War Memorial Veterans Building will be up for a serious seismic upgrade if Supervisor Chiu and Mayor Lee have their way. Turns out you would not want to be caught in Herbst Theater during the big one - the building is rated 3 for seismic hazards, which means you're basically SOL if you happen to be catching City Arts & Lectures at the wrong time. The proposal calls for $170 million in a certificate of participation, a city-asset-backed loan that can be voted on by the Board of Supervisors. [SF Examiner]