Up with what is the percentage decline in the rent. Once we have the percentage decline in the rent, we multiply that to the total rent value, what we estimate, given the data, vendor which we used there to look at all the parcels around the city. And figure out what is the total what was the assumed per Square Footage for Residential Office retail and p. D. R. . I believe about, total citywide was i believe 107 million, office space not how many square foot, what did you value it per square foot for rent. Yeah, rent is, i believe, if my memory serves me right, about 67, 63 to 64 for the office space per square feet, and if i believe its for retail, about 30. And for p. D. R. , around 10. So, i can get you those numbers exact, thats the range we are talking about. And what was the assumed value for the market rate residential . Market rate, using an average of these based on the 700, average 749 square foot area, 800,000 per unit market unit. 800,000 rent, total across the city and the
20 . Under this d. D. A. , its 18 . But the developer does get more participation in project revenues and that is on page 19 of the report. In terms of sort of the project financing, Public Financing for the horizontal infrastructure, the developer under the d. D. A. Will construct the infrastructure. Funding sources are shown on page 14 of our report. The sources and uses are estimated to be about 700 million, thats in current dollar value. The developers and the project source, project revenue financing this project have shown the table on page 14. The Developers Equity contribution is estimated to be about 190 million. They have already contributed about 27 million of that towards entitlement costs. With their return, we estimate that the return to developer and the payment to developer will be around 268 million in current dollars. Under the d. D. A. , the developer is paid back from project revenues, prepaid ground leases, rents, financing from the financing district, they say the
The developers and the project source, project revenue financing this project have shown the table on page 14. The Developers Equity contribution is estimated to be about 190 million. They have already contributed about 27 million of that towards entitlement costs. With their return, we estimate that the return to developer and the payment to developer will be around 268 million in current dollars. Under the d. D. A. , the developer is paid back from project revenues, prepaid ground leases, rents, financing from the financing district, they say they cannot compel the general fund or the port fund to repay their costs. In sort of summary of this project, same we said when we looked at the pier 70 project, this is complex, the financing is complex. If project revenues do not come in in the amount or the frequency that they are expected, it will cause delays in the project, that would be the major risk to the project. We recommend amending the resolution that approves the d. D. A. To requ
He was dirt biking with a friend and decided to continue on by himself. Cavana ux cavanaugh is an avid out doors man. Reporter friends say he certainly knows his way around the outdoors, but its been eight days since he was last seen and theyre getting worried. A number of friends helping with the search but otherings are here in san fran koisz e siz cole trying to spread the word. Teachers at Downtown High school in San Francisco are on summer break. Tonight, theyre comforting each other their colleague is mizing. I am hoping for a miracle. I amount. I know that ed has all the skills to survive in the wilderness. The 46yearold runs a program where students get out and learn. Backpacking, swimming. He does this periodically. He enjoys dirt biking. So he and friends go up to the sierras throughout the year. On july 17th, they went out. We dont know if he went back to the houts e house and then out another day or what. Now a search is underway arnlds the rock creek trail area in erdorado
Ready for a show down . Nfl players report for camp this week. Among them will be Quarterback Tom Brady. Today is sunday july 26th 2015. From nbc news this is today. Earthquake to today on this sunday morning. Who is exciting for football . I am i am counting the days. Thursday september 10th. You have preseasons start second week in august. Dont forget about College Football im sure theyre ready, too. We will have more on all of that coming up. Lets get right to our top story, the search for the two teenagers that were last seen going out for a fishing trip. The boys got more than 100 worth of gas before their trip two days ago, but no one has heard from them sense. Today a desperate search for two missing 14yearold boys. They left on a fishing trip from jupiter florida on friday and were last seen buying gas that afternoon. There has been no sign of them sense. The coast guard rescue crews think their boat is disabled and drifting north. It is the worst feeling ever not knowing where