February 11th. Mr. Clerk, can you please call the roll. [roll call] we have quorum. Can you please call the first item. Im 2, the citizens advisor report. Im john larsen, chair of the citizens advisory committee, and im here to report on january 22nd meeting of the c. A. C. We began the meeting welcoming to members, representing district 5 and 9, so were currently on full strengthe strength of te c. A. C. Item 6 on your agenda, the c. A. C. Members discussed the vetoed legislation relating to a paved area the time, resources and funds being allocated towards a project that might have a limited impact on overall congestion, while benefiting a very specific neighborhood, could possibly be used better in neighborhoods of concern. And other thing is exploring a tax assessment around the affected part of lumbar street. Sb50 was also discussed by the c. A. C. , specifically linking housing proposals too closely with additional funds for transportation and infrastructure. One member expressed
And i want to tell you that what were seeing right now is not a cycle change. Its a structural change, and i am sure you are aware and seen the retailers and the retailers are shrinking the footprint and it is not the Large Department stores but even tenants that used to be 5,000 feet are shrinking to 1,000 feet and trying to deal with how to market the goods online and cross market both aspects. It has had a very structural change and quite frankly t vacancy rate at union square is the lowest that i have seen in 25 excuse me t highest in 25 years of business in union square. This there is, as we all know, a lot of vacancies that are happening. Barneys is going to close, forever 21 is closing, Williams Sonoma and the multifloor retailers are going out of business and those are the only ones that can occupy the upper floors. They are just not there. We have been marketing 146 geary for four years and talking to tenants initially to take the entire building because that works the best fo
Our negotiations with united to save the mission have been very productive and we have signed an m. O. U. And also been attending San Francisco equity Group Meetings weekly. Working alongside rudy, shawn, john, mitchell, kim, shelly and glen has been one of the ultimate blessings in education and awareness this project has received. This Equity Program was created to help those who are most negatively affected by the war on drugs. I understand and all of us at Union Station understand that we are very fortunate to have gotten this far in this process of permitting our equity project. We have a number of qualified equity applicants in this project and look forward to giving preference to those hiring those who are equity qualified. My staff and i previously operated a dispensary on valencia street and hope to serve the same demographic we served from 2005 to 2011. When designing and overseeing a cannabis business, security is very important. A top priority will be the safety of the cust
Any other Public Comment on this item . Okay. With that, Public Comment is closed. Commission koppel. Its a thrill to see city kids opening up businesses in the city. Supported by other city kids. [applause] theres no clapping. I know everybodys happy but [laughter] also incredibly impressed with the outreach the project sponsor did with united save the mission, hence them being here supporting. And also the conditions they did agree to, we really hold in high value. So i really appreciate the project sponsor working diligently with the community. I really respect that the sponsor has Prior Experience working in the neighborhood. Obviously very overwhelming neighborhood support, filling in a vacant storefront. The nearby businesses are going to get busier. Theres going to be more people. People are going to be happier. Im highly supportive. I would like to see what other commissioners say. Thank you. Commissioner richards. So i accompany commissioner koppel and a few of the folks in th
At 110. 18. Asian markets were volatile or a little mixed mother has to do with the trade war and how markets interpret whether we are closer to the deal. 1. 7u. S. 10 year yield at flat. Coming up we speak to jim oneill, former commercial secretary of the treasury, that kingdom conversation in just a couple of minutes. Lets get to the first word news in new york city. U. K. , the chief rabbi suggest people avoid voting for the labour party due to antisemitism, he says sanctions from the top. He is not calling on people to vote labour party, but he says british are concerned about a labour government, and the labour party says antisemitism has no place in the party or society. The president claims donald covered by president ial immunity, but he has been ordered to testify to the panel as it investigates, carrie lam isong, not offering any new concessions in her first Public Comment after prodemocracy forces won a landslide election. Lam is calling for dialogue in line with the plan sh