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 rest rooms even, and clean and supervised which, is essential to a positive Visitor Experience in the whof and so
And michael lat teen here hi. Stand up i cant see you. Hi did you bring me samples . [laughter]. Okay. Just on a final note and ill make it very brief. Bows stood out as a brand name the other restaurant but bows is something a little more special and so in ever area the proposal, the scoring the interview, they came out on top. My brother lives there and so i have already been hearing good things. Okay all in favor . Aye resident luxe 125 has been approved. Item ten a presentation and decide on the port of San Francisco blue green way project good answering commissioners david with planning and development and i am to take this opportunity to give the commission and the public an update on a variety of blue green way project and this is a project to complete the water trail from San Francisco Mission Creek on the north to the county line on the south its a project that has been led by the port but includes many region state and regional agencies currently we have seven project in the
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 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 trans
3. 6 million i believe and for the coper crane and the power removal its about 660,000. Okay and so is that for both sides of third street or just the just well currently, its just for toll larry park from the 2012 bond, for the 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
Extension to make it a seven year term and so if this is approved they would have a seven year term to recoup the investment that they would like too make and we have site the port Retail Investment policy under your staffing report under which you can make an exception to the bidding retail leasing opportunities under the following conditions the tenants is in Good Standing so bow dean is [spelling . ] so they have consistently reporting their obligations in a timely manner and reporting all of their duties under the lead and there has been no issue with them in terms of least 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 th