The president president tgif, everybody. The Unemployment Rate has fallen to 4. 9 . Even as more americans join the job market last month. This is the first time the Unemployment Rate has dipped below 5 in eight years. Americans are working. All told over the past six years our businesses added 14 million new jobs. 71 months of private sector job growth. Over 2014 and 2015 our businesses added more jobs than any time since the 1990s. Most importantly this progress is translating into bigger paychecks. Wages have grown at their fastest rate since the crisis and the policies i will push this year are designed to give workers more leverage to urge wages and explosions. Unemployment, deficits, gas prices are all down. Jobs, wages, and the rate of the insured are up. I should mention, by the way, since i signed obamacare into law nearly 18 million americans have gained coverages and our businesses are created jobs every month since. On that all of them fulltime jobs. As i said in my state o
Im happy to take questions if you have them. Thank you. Supervisor kim, did you have a question . Thank you. Why dont we go to the budget analyst report. Mr. Rose. If i can ask you to go to the poem. Madam chair, members of the committee, we have a conclusion and report on page 18 where we state the proposed development appears 3032 and seawall lot 10, including rehabilitation of the property at pier 30, 32, multipurpose arena for Golden State Warrior games and events. Public open space. Maritime use, retail and related parking. Development on seawall lot 330 of Residential Hotel and retail use and 53. 8 million. Direct ongoing annual financial benefits between 9. 8 million and slightly over ten million. Undetermined indirect benefits from grocery receipts tax revenue up to 120 million as you have heard capped in private expenditures, rehabilitation of 3032, reimbursement by port of those private construction expenditures. For use of 66 years of credits for pier 3032, valued at 1,970,0
Community on eir and hosting december 13th will be viewed as trying to ignore public input and feedback. It is a busy time for many of our families and residents. I know the request has been to move the scoping meeting to after the new years in midjanuary, when people are back and will be able to focus attention on this important project in the neighborhood. Okay. Im happy to talk to the larger project milestones briefly, which is just while we first fiscal feasibility finding and environmental e are view process. As we talk about term sheet endorsements between february and april that anticipated a draft N Environmental report would be published may to june of 2013 and final eir would be in early 2014 along with proposed approval of transaction documents. Trust consistency approvals that would need to be obtained in the spring of 2014. That would keep us on a schedule tol begin construction december of 2014. I want to say one other thing. In addition to the Fire Department we have rea
Conclusion and report on page 18 where we state the proposed development appears 3032 and seawall lot 10, including rehabilitation of the property at pier 30, 32, multipurpose arena for Golden State Warrior games and events. Public open space. Maritime use, retail and related parking. Development on seawall lot 330 of Residential Hotel and retail use and accessory parking. We provide estimated fiscal impacts including onetime benefits of the city up to 53. 8 million. Direct ongoing annual financial benefits between 9. 8 million and slightly over ten million. Undetermined indirect benefits from grocery receipts tax revenue up to 120 million as you have heard capped in private expenditures, rehabilitation of 3032, reimbursement by port of those private construction expenditures. For use of 66 years of credits for pier 3032, valued at 1,970,000 per year. You also heard when i talked about 120 million that does include 13 return to gsw on the reimbursement of construction costs, non reimbu
Input and want to whether it appears we are rushing through this process because of how much a priority i agree. How much a priority it is to bring the warriors to San Francisco. We want to see that happen but not at the expense of the process. We absolutely agree. This only works if it truly works. It is not unprecedented to go from an exclusive negotiating agreement to this. We had an a threemonth meeting before it passed accountability but then took time from fiscal feasibility to have the environmental approvals. We have a schedule i can discuss with you. The proposed meetings between now january. I will be at the maritime meeting tomorrow to talk about the maritime proposals for the three sides of the pier on 19th as i mentioned at 1 p. M. There is is a land use hearing which will be an informational hearing. We have had presentations in the cac, now the Port Commission and felt like it was important to do that at the board of supervisors prior to asking decision on fiscal feasibi