Meeting rooms to bring it up to 85,000. 80,000 square foot or more of contiguous exhibit space which is the most important space for the Convention Center. Up to 87,000 in multipurpose space and 178,000 of support spaces such as loading, service, restaurants and things like that. The one of the key objections of the expansion project would be to maintain Continuous Operation during the construction for the expansion of the Moscone Convention center. In addition to the improvements to the facilities, we will also be looking to improve streetscape, connectivity, bicycle and pedestrian safety, and bring a sense of arrival of Moscone Convention center with [speaker not understood]. The image before you is an aerial view of moscone showing where where the areas of expansion will be. That is at the north, south, and at the East Building what we call the esplanade building. The next couple of slides will show a sample of Cultural Facilities including existing deficient conditions at Moscone C
It were by background, an annual appropriation by the general fund, making the Convention Visitors bureau rather than applying it to its operating budget. The proposal is to reallocate toward the repayment of cop. These are not new dollars. These are dollars that have already been committed historically to the convention [speaker not understood]. The next slide is the sequence of how the flow of funds would work. As you know, by requiring 6 proposing 6 interest, it is way higher than your typical the current market. In addition, we assumed in looking at the med assessment, if you look at assessment 3, that there are no it is just a cpr of 3 . It doesnt assume any additional growth in Hotel Tax Revenues and so on. By using those conservative assumptions we have discussed and in agreements with sf travel we would establish a Stabilization Fund of approximately 2 million. And the idea was by looking at the last 10 years we realized [speaker not understood] general tax revenues were volati
Struggle. There have been hundreds of meetings coming together. There are High School Students today who were preschool students when we started this conversation. And i have to tell you as we all know, it takes a village to raise our kids, but it has taken many villages to build this library. I want to start first and foremost by thanking three mothers, who helped to lead friends of joe dimaggio, julie christinsen, lizzy diaz and lizziehurst, thank you for all you have done. [ applause ] and i also want to take a moment and thank all of the parents who are here of all the different schools that we have. Yes, franklin middle school, garflied, st. Peter and paul, what am i missing . Sherman, Telegraph Hill. Thank you all for what you are doing. I also want to thank those who have been advocating for our seniors and disabled, our parks advocates, our library advocates and of course our city staff. We have a lot of acronyms, dpw, ruark, our mayor, planning, thank all for what you have don
Program, as you can see, the 500 Million Dollars project and the 150 is not sufficient, we could potentially reduce that 41 million to zero, which would reduce the overall borrowing cost of the transaction. So, colleagues, this is something i talked to ms. Sese about last week when i was briefed on this project. And i think its something id like to be looking at later on this year. I mean, this is if we have this expansion potential for commercial paper program, this is millions of dollars of cost savings for the city longer term. So, not for this today, but something in the future i wanted to flag it. But thank you for talking about that. Thank you. Thank you, nadia. As you can see by the schedule, we have a lot going on. Excuse me real quick, supervisor avalos. I just have a quick question. Perhaps, john, you might be able to respond. We have our tourist Improvement District which probably is going to continue. Is that going to have play any role in the Actual Debt Service that we ha
Lets go prop b, lets go joe d. Are you ready, kids . Lets go probb, lets go joe d. Lets go prop b, lets go joe d. Thank you so much. [ applause ] all right, is there highenergy today . Fantastic. A couple of other colleagues, peers in the city family, tom, who is our Arts Commission executive director. Thank you for joining us. We have a partnership in the Arts Commission that every new building has public art. I dont know if our artist for north beach is here, bill fontana, were excited about his work and the opportunity to have beautiful art as part of the project. So bill, thank you. Also, we talked about how important access is to our neighborhood libraries and today we have our acting director in the Mayors Office of disability, carla johnson. Carla. Thank you for joining us. Thank you for being here today. [ applause ] our next supervisor who also does not need much of an introduction because he is at every single library opening. A terrific staunch supporter and advocate for Pub