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
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
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
It was a very successful ipo and then knelt down. Next we will be speaking with chris skating champion call. Compliments. Me big major accomplishments. A lot of success and very interesting work life balance. Try to keep his family intact and interaction with his family when he is hitting the road doing what he does. Not so easy to do and he has been doing it for a long time. We will be meeting to cofounders who are turning fitness into a game. Everything is a game now. You do not get rewarded for working out unless you get points. If you needw this reward to do this workout that you will do anyway. Rex can we just work out . Other than endorphins. That will come up over the takingminutes here on stock. There is a fight between dan thebys. Celebes south sothebys responded saying its adoption of the shareholder rights plan is valid and legal. To be continued. Property not a currency. The u. S. Government tax agency announced it will treat bitcoin as property for tax purposes. , confiden