Wouldn't it be better to just take the building down?
Hypothetically, yes. But the Tower is not a 1/2-3/4 empty office building with one commercial real estate company owning it. In addition to the obvious expense of and risks inherent in demolition and the the months of disruption in the neighborhood, the Tower is condominiums, with hundreds of owners. Those owners will need to be compensated for their loss and moving expense, and they will be
after every company that had a hand in designing and constructing the Tower ... and bankruptcies will complicate matters, probably bringing liability down on the City of SF. Ultimately, it would be better for the city to bite the bullet and get moving on the compensation and demolition processes, but
Kick-the-Can-Down-the-Road politicians don't think in terms of decisive actions and actually solving problems.
Won't likely take a very big quake to cause major damage.
The SF Bay Area experiences not-very-big earthquakes - magnitudes 2-5 - pretty much every month or three. It's going to be a matter of years or even a couple of decades before the Millennium Tower gets to the point where a not very big quake would bring it down.