Obligation they have a Good Community partner. Number 210 inapt is committed to making a significant invest in the leasehold which will benefit of the port. Well we have seen that happen before and they are doing the same a 350,000 investment we consider that significant. They are taking an under utilized piece of the if you look at it, its an octogon so we have h i ask so eight sides and this they are taking the least used sign and put it in a new dinings and Beverage Service and so we think that is significant and there will be for that, then there is going to be generating roughly 350,000 of additional revenue to the port. So 350,000 investment and 350,000 potential return and no rent credit or rent abatement is being offend. So, number three, the benefits of the direct negotiations out weight the Competitive Bidding well we think there are significant Public Benefit to this so we are improving our visit Visitor Experience, we also have they are going to commit to keeping the public
Gateway and toll larry park and gateway we have the concept and i can show then to you here right now if you would like okay. So this is the concept for the bay view gateway and again its location is between third street and illinois street and car go way the concept includes removing a dilapidated whof along the shore lines edge and taking what is currently today just an entirely paved area and creating some landscape areas which are identified in green with the trees creating a pathway that takes takes pedestrians andbicycle chlics in 34 story and context he he them with car go way which, is a natural direction that people would want to go and create a plaza along the water front, with interpretation throughout the site regarding the sites history and cargo and integrate through the plaza along the water front and along that railings and along creating a plaza calls the green way transition plaza because its a place people will be traveling down the illinois street and heading toward
One of the concept point for human power boating and this is urban beach around the northeastern shore line and access to the water from slip way four as well. With that in mind one. Things that we have had to present as part of the workshop is that we dont have the budget to complete the entire project as its designed today we had to look at the available fundings and the cost for the project today with the 2008 bonds and additional port funds our budge is 21 million for cran copark today. The estimates cost looking at Construction Cost and is plus an estimatemation contingency of 50 puts us at a subtotal of 33 million and are soft costs are between 30 and 33 and we have it at 33 and for a total cost of 43 andahalf Million Dollar and this equates to 4. 8 million in a customer, a acre which, is similar to other city front parks in the city and the other thing to note is because of the other high level conceptual of the park we have a 50 contingency because of the scion and that conting
Removing a dilapidated whof along the shore lines edge and taking what is currently today just an entirely paved area and creating some landscape areas which are identified in green with the trees creating a pathway that takes takes pedestrians andbicycle chlics in 34 story and context he he them with car go way which, is a natural direction that people would want to go and create a plaza along the water front, with interpretation throughout the site regarding the sites history and cargo and integrate through the plaza along the water front and along that railings and along creating a plaza calls the green way transition plaza because its a place people will be traveling down the illinois street and heading towards car go lines and also enjoy the public art on the pier 92 grain silo and is there is a rail track that goes through the middle of the site that runs east and west and so we are consolid dating or down where people can work with the arts enrichment process and then selecting
North side between illinois and 23rd street we had one . 5 million proposed for that improvement. Okay and so most of those project are in the design phase . None the projects from the 2012 are in the design phase but we have done conceptual bureau of Landscape Architects hands and detail design phase and work and go out to bid in the spring, i believe. So when will we have a concept of what is going to be there . We have it today. Oh, do we for the bay view gateway. Or for the 2012 . Whatever we are going to whatever. We have for bay view gateway and toll larry park and gateway we have the concept and i can show then to you here right now if you would like okay. So this is the concept for the bay view gateway and again its location is between third street and illinois street and car go way the concept includes removing a dilapidated whof along the shore lines edge and taking what is currently today just an entirely paved area and creating some landscape areas which are identified in g