No major hot spots. Bay bridge wb 80 is less then 30 min from the maze to sf. mark you can expect to see more flaring at the valero refinery in benicia today. darya the refinery began flaring friday morning because of a power outage at the facility. Kron 4s will tran is live in benicia this morning with more on what you can expect. Will. will there will be continued flaring at the Valero Benicia refinery while crews work to restore operations of the facility. Valero has advised the city that it is switcing the flaring from the south flare to the north flare. The purpose of the switch is to allow crews time to fully inspect the south flare. This all started with a power outage at the refinery friday morning that led to flaring which released massive plumes of thick black smoke into the air, prompting an evacuation in the area. There is no word on how much longer the flaring will continue. darya thanks will. We will check back with you through out the morning. mark a man is behind bars t
With ricky in support of the project. This question about competitive bids is something that we grappled with as well at the stafflevel. You know, throughout the process we have been focused on relocating teatro on port property. We have the experience with the americas cup of dislocationing a lot of very good port tenants. We are able to relocate the large majority of those to other areas of the port property at the time. But with teatro, they really needed to be in the northern waterfront. They needed a longerterm lease at a new location that cant be entered at 27 because the new terminal construction. So that has been our goal. I think it was really teatro through the public process and understanding that people didnt want to go with the same form of the facility as it existed before, which was the tent structure. That people really wanted a permanent facility at seawall lot 324 and prior plus planning had indicated a neighborhood desire for a hotel use at the site. Teatro went out
This project goes way above and beyond this. The developer approached our union with the intent and idea of negotiating an agreement that guaranteed good quality jobss and not just this project, but every project that they develop nationwide going forward. And from our perspective, that really drives home the level of commitment that they have to making this project exactly the kind of project that the port needs more of. The kind of project that brings not just jobs, but goodquality, livingwage jobs, to portlands, which have traditionally been the center of good Quality Living wage jobs in San Francisco. And yet, have seen those jobs eroded. Much like the warriors project a few months ago or a couple of years ago. This is a truly exceptional project that is going to go a long way to leading to the kind of jobs that keeps San Francisco affordable for workingclass people. Thank you. Thank you, mr. Louis. Next speaker, please, just come on up. Yes, thank you. My name is christen clayton
Adopted a music and cultural sustainability policy in code chapter 98 requiring city departments to undertake all means to use City Property to retain cultural and entertainment entitis in San Francisco. This policy also promotes Creative Strategies for theaters. The proposed project meets the policy directives of the administrative code 98. In this requested exemption if this requested exemption is approved the port will enter into a exclusive negotiating agreement with the partis and if the partis are able to reach an agreement on deal terms, such terms would be summarized in a term sheet and the term sheet or the proposed lease will be brought back to this board for its consideration and endorsement. Authorizing the port to enter negotiations is not an approval of the proposed project. The project still needs to be refined, through the public review process, including ceqa and design review. After the term sheet is endorsed, both the Port Commission and the board of supervisors must
A sole source waiver early on, not being able to guarantee this is the best deal moving forward. Is that it . Im sorry, one more question. The initial negotiations talked about a 1015year lease before it became a larger project. Where do you anticipate the number ofyears for this lease to look like . Typically for new development on a ground lease we would do a 66year lease. That is what is allowed under the burton act and that would be a time that would be sufficient to amortization the amount of investment here. Right. So again, even makes me more concerned about doing a full bid for such a longterm lease. Its not 10 or 15years, but a 66year lease. Thank you. Thank you. Supervisor wiener, any comments . Question for mr. Benson. I know you touched on this before, but if this were not solesourced, how would the process proceed . What would we see here . We have never done Something Like supervisor kim is suggesting. In the absence of any prospective tenant, normally for a Development P