Due to the supply and demand side. The demand suicides has come up from the economy improving. And some tenants have been displaced who have taken up other places theres not layoff a lot on the port to lease. I should say those vacancy rates dont include the buildings were in today or the vacant land. The other indicator we use is the annual revenues that has been hoover over 4 percent. The bigger story is weve got one account that repeals half of the out standing amount and once were able to resolve that the delinquent rate will drop. Now predictably we lost money in the industrial Space Storage facilities and parking lot this was due to the americas cup project as well as the displacement where the crews ship term is being built. We need the city to rehe bureaus us dues to some complications has not generated revenue for us however, were expecting a revenue reimburse time. A lot of those costs have been offset by parking lot meter funds good afternoon commissioner this is marilyn im
Presence and we think the city people should come out to this port. Every ethnic background should come out. And this port has been transformed and i think the history and the people who accomplished a lot of these things should come out. I appreciate the brother here speaking about the Indigenous People whether the native americans or who were here before they were all americans. Everyone made a contribution so i appreciate it. And let our kids know about it. Id like to see a lot of kids come down to this port and get educated. Because a lot of times children only know whats going on in their neighborhood and they need to know whats going on in this great city and the port. Really when you look at theyre going to benefit i think weve got great recommendations and especially i think that is an excellent idea. I want to thank you and dan im glad its a yearlong celebration. So thank all the staff for all their work i think i agree with all my fellow commissioners and its gastrogreat to s
Of whether its some of the major real estate projects and hopefully, this celebration we can portray the water front what it means to the city. And were redeveloping the skyline so hopefully, were con varying that exist of what well be doing over the next several years following up on chairmans comments. I can see in the future this city is going beyond san francisco. Everybody this is going to be well no longer be san francisco. Everything in this water front will be in the bay area. What we have here in the bay area everybody will benefit. They dont have a crews terminal but it will be named after the president of our union and we have a great leader in the union and hes given back. And as the future were creating mayor lee this will be a part of his legacy and our legacy and also the young kids legacy. Thank you thank you. Moving on we request china 13 caffeine and making the ports conference for the support staff. Im sorry commissioner adams your recusing yourself from this. And yo
It means to the city. And were redeveloping the skyline so hopefully, were con varying that exist of what well be doing over the next several years following up on chairmans comments. I can see in the future this city is going beyond san francisco. Everybody this is going to be well no longer be san francisco. Everything in this water front will be in the bay area. What we have here in the bay area everybody will benefit. They dont have a crews terminal but it will be named after the president of our union and we have a great leader in the union and hes given back. And as the future were creating mayor lee this will be a part of his legacy and our legacy and also the young kids legacy. Thank you thank you. Moving on we request china 13 caffeine and making the ports conference for the support staff. Im sorry commissioner adams your recusing yourself from this. And you should make the motion to recuse i move that we recuse commissioner all these. Now we go back to actually is there any P
Regarding your comments about other port and constituents were working closely with not only the restaurants etc. , but were working with the exhibit in the coliseum and the various stakeholders that everyone is aware and has an opportunity to participate and my last comment is were celebrating the rich past and they should know were so busy today carving a new future and the 7 and a half miles whether its the music or the open space of whether its some of the major real estate projects and hopefully, this celebration we can portray the water front what it means to the city. And were redeveloping the skyline so hopefully, were con varying that exist of what well be doing over the next several years following up on chairmans comments. I can see in the future this city is going beyond san francisco. Everybody this is going to be well no longer be san francisco. Everything in this water front will be in the bay area. What we have here in the bay area everybody will benefit. They dont have