Good morning, everyone. I would like to welcome everyone, especially those that are up this morning and watching remotely. Good morning. Thank you again for being with us, and also to my colleagues in the audience. Welcome. Next thing on the agenda, please. Number 2. General Public Comment. Are there any Public Comment . I see none. Next, please. Three Consent Agenda approving the minutes of the june 18, 2019 meeting. I move approval. So moved. Second. All in favor. Item 4. Ybi ramps project update. Hopefully you can hear me. Eric cordoba with the San Francisco Transportation Authority. I will give you an update where we stand with improvements. I have a slide show and then we will get into questions. First a little context. The Transportation Authority led the ybi westbound ramps project. We opened in october 2016. That was approximately 100 million in total primarily funded with highway Bridge Program seismic retrofit funds as well as proposition 1b seismic funds. Something we are pr
Please. Number 2. General Public Comment. Are there any Public Comment . I see none. Next, please. Three Consent Agenda approving the minutes of the june 18, 2019 meeting. I move approval. So moved. Second. All in favor. Item 4. Ybi ramps project update. Hopefully you can hear me. Eric cordoba with the San Francisco Transportation Authority. I will give you an update where we stand with improvements. I have a slide show and then we will get into questions. First a little context. The Transportation Authority led the ybi westbound ramps project. We opened in october 2016. That was approximately 100 million in total primarily funded with highway Bridge Program seismic retrofit funds as well as proposition 1b seismic funds. Something we are proud of in that regard. What we are starting to move towards is the south gate road realignment which i will get into more details as well as the west side bridges project. Very happy to, frankly, announce we have requested the Construction Funding ph
Subapplication approved this year. We want to make sure there is population builtup on the island in order to make this area a success. That leads to a schedule question. When is this coming online . Most of that is in the third subphase that was approved. We are in permitting. We will Start Construction next year. When you map this out because of the length of the geotech any cal program we are not until 2025 at earliest. We have time until we talk to potential tenants. Now is the time for that conversation to see if any adjustments in the plan are warranted. We have a retail plan for the whole island. We are maybe a quarter built out, then transitioning. We want to think about in earnest what is going to be there day one. We have a check ken and egg problem chicken and egg problem. This will be well before traditional retail is viable. We are working on strategies along those lines. Our solution to this challenge, this is phase zero, what will be there day one when the first resident
S p up s p up and the dow indicated up look at what happened overnight in asia. The nikkei opened up in europe where there is active trading, youll see green ar owes across the board. The ftse was up more than half a percent. Youll see at least the 10year is yielding 1. 8 big news, weworks board now weighing two competing Financial Rescue offers. Expected to accept an offer from softbank to take a controlling stake in the company the decision could come as err will early as today the are rescue package from sofk to buy up to 3 billion in shares held by other investors they would also put together 5 billion in loans sources say theyll pay the founder adam neumann up hundreds of millions to leave you are paying him twice. Hes the only one who has made money on this deal. Meanwhile, theyll begin layoffs almost immediately of almost 2,000 people. One of the reasons they delayed the layoffs is they couldnt afford the severance youll wait here for adam neumann to go home im told that will ke
Now at 11 00, the it is far from over. A look at the new lawsuit that the 49ers just filed against the city of santa clara. She is taking legal action after she was forced to remove that, before boarding a flight. Do you know this man . Police want to talk to him. The battle over control of bitter by the day. Good evening i am veronica de la cruz. In i am ken bastida. The 49ers mean business. We are live and sandler with the latest. Reporter earlier this week, the 49ers accused the city of santa clara peddie of being peddie. Tonight the hit back. The 49ers have filed a 14 page lawsuit. Essentially asking a judge to determine the rights of each in this dispute. The city council, acting as the stadium authority, voted to terminate the agreement with the 49ers that allows them to manage the stadium. They gave the team an f for several categories. Their performance off the field is terrible. Reporter they say that this is a complete misunderstanding of the Management Agreement, which has c