Obviously they take safe investment guidelines. The 10 is a very good yield relative to their yield. No further comment. Thank you. Vice president adam. Im in favour but i agree with president brandon. Shes been asking about this for month and sometimes i think when the commissioners talk, it falls on deaf ears. The staff may think they know more than the commissioners. Thats fine, but i think when asking is asked, you know, shes been asking for this for months, and no excuse not to be in the report and you cant duck it. If theres an issue, it needs to be dealt it and thats how i feel. Jack came up, but it should be in the report and should be talked about. So i think when we say something, it should be heeded and as president brandon said, people from the community hadnt come out today, a lot of this stuff we wouldnt have known and we have to talk about these things. I think to me, transparency is important and when we say something, it should be there. Im not blaming you, but somebod
Climate on oceans, Marine Biodiversity and human populations living in vulnerable areas. I appreciate it andthanks to our first panel. Ive enjoyed the conversation. I think were going to pick up on the end of that conversation around this idea of the Dynamic World and what that means now in the policy and security space so im excited to have an excellent panel to talk about that. Heatherconley , John Mimikakis was Vice President for oceans Environmental Defense fund, there was director of fisheries and amy lehr who is the director of the Human Rights Initiative so think the panel and im going to sit down and be quiet and handed over to my panel and we will start off. Thank you so much, good morning. I think the arctic is a tough place to talk about. The intersection of climate stress and security. And in many ways, the arctic is telling us, actually most polar regions are telling us they are under the most dramatic stress as the arctic certainly is warming 2 to 3 times faster than any
Would the agreement allow us to bring in an investor and we put it in this transaction and we share with the investor the 10 . And if they were happy with 6 , we would make 4 and if they were happy with 8 , we would make 2 . Are we allowed to do that within the boundaries of contract . Within the boundaries of contract, we can put in money the Port Commission off crews and puts into its budget. As long the Port Commission approves it, we can put money into the deal. I will note that we talked about this very thing because the timing was such that we werent at this point able to put in money. The developer anticipates starting construction in ernest early next year. To the extent theres money, they are open to putting that into the deal. I think all of us on the models, see how close phase one is and we can replace the 8 money with 10 money and that would help phase one achieve feasibility. That includes my question, thank you. Weve been over this phase pe onphaseone many times so im co
Good afternoon, president and commissioners. Im the manager on the real estate and development division. This informational item before you is the proposed park Fundraising Campaign. As you all know, crane cove park has been an active project of the port since 2005 and david boprey who lead the planning the park and erica crane are both here to answer Historical Context questions. Drew betchr of the San Francisco Parks Alliance is here today and will be speaking later on in our presentation. Just as an overview of what youll be covering, we will go over the project background and status, the Strategic Plan alignment, parks aligned history and experience, our next steps. Shoreline ro reconstruction, bot irrigation. And it is anticipated that the 19th street, georgia street and building 49 are delivered by the calendar year 2020. The date has spent 16 millions of the 36 million budget. With that said, there were components of the project of the original scope that were moved due to cost
Were getting closer. It moved up a little since we spoke a few minutes ago, so we reindicated the range, 33 to 36. And its about 10 to 15 million shares in that range that are paring off and it narrowed to 3 from 4. So i think its shaping up and we dont as we said before, we dont know how much is actually going to be sold right now, but 10 to 15 is not a shockingly large number. Its a well, it depends on how you look at it in the context of the number of shares that are eligible to sell, its about, you know, in the 10 range. But thats fairly typical, 10 for an ipo, and this is not an ipo, its a direct listing. Whats amazing to me, it doesnt matter, direct listing, ipo, whatever you want to call it, this year ipos are tending to price toward the high end and open above this is happening here if we take 33 to 36, pick a number 34 if it might open, thats 30 over the Reference Price average ipo in my experience, maybe would open 10 higher on a good day weve seen ipos routinely opening 20 h