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Major project through the entire pier. Development costs would be in excess of 100 million. We would be requesting the full 66year lease that is within the trust a because that would be required to amortize a very substantial investment, particularly with a full seismic upgrade and pier structure work that would be required. And we would finance this through a combination of private equity, debt, and federal and state historic tax credits. Tmg has a lot of experience and we believe we can secure those credits and help make this project work. The project would generate a good deal of revenue over its life as well as a good deal of expenses up front,v and we expect that we would be able to pay a very substantial amount of rent to the port and would be willing to structure various forms of up side participation as is typical for these major projects, however, there would be a need to negotiate and offset credits, qualifying rent credits for the structural work that would result in this ne

United statesSan franciscoPhase iiPoint viewPhase 1Regulatory approvalsDesign phaseDevelopment planningWork forceRedevelopment agencyAgency workWork force participationHire programFirst phaseSmall businessesMatt mike