The station transit central. Theyve settled on a price for several properties the Company Wants to buy. The total price tag would be 67 million but now the city council would need to approve a compensation agreement to even allow those parcels to be up for grab for development. The campus would be a 800 million complex that could bring in 20,000 workers and some local residents have spoken out against google with concerns. We want google to come to an jose but in a responsible way that is going to help the communities and not worsen the problems we already have. Appreciate it. Thank you for sharing your letter and we look forward to engaging through the community and hearing the concerns and all the issues being outlined. Thank you for visiting. Have a good afternoon. Reporter activists heard from google representatives there after marching onto the Mountain View campus and calling for google to have Affordable Housing in the area and itll be a important one and despite any controversy
Up with what is the percentage decline in the rent. Once we have the percentage decline in the rent, we multiply that to the total rent value, what we estimate, given the data, vendor which we used there to look at all the parcels around the city. And figure out what is the total what was the assumed per Square Footage for Residential Office retail and p. D. R. . I believe about, total citywide was i believe 107 million, office space not how many square foot, what did you value it per square foot for rent. Yeah, rent is, i believe, if my memory serves me right, about 67, 63 to 64 for the office space per square feet, and if i believe its for retail, about 30. And for p. D. R. , around 10. So, i can get you those numbers exact, thats the range we are talking about. And what was the assumed value for the market rate residential . Market rate, using an average of these based on the 700, average 749 square foot area, 800,000 per unit market unit. 800,000 rent, total across the city and the
20 . Under this d. D. A. , its 18 . But the developer does get more participation in project revenues and that is on page 19 of the report. In terms of sort of the project financing, Public Financing for the horizontal infrastructure, the developer under the d. D. A. Will construct the infrastructure. Funding sources are shown on page 14 of our report. The sources and uses are estimated to be about 700 million, thats in current dollar value. The developers and the project source, project revenue financing this project have shown the table on page 14. The Developers Equity contribution is estimated to be about 190 million. They have already contributed about 27 million of that towards entitlement costs. With their return, we estimate that the return to developer and the payment to developer will be around 268 million in current dollars. Under the d. D. A. , the developer is paid back from project revenues, prepaid ground leases, rents, financing from the financing district, they say the
Everything is in the sent tear divide, no slowing coming up from the silicon valley. Back to you. Now to a developing story we continue to follow this morning. The gruesome killing of a 19yearold woman is leaving many people baffled. She was stabbed and left for dead on a rural east bay road early yesterday morning. In fact, we brought you that coverage yesterday on today in the bay. Now were learning more about who she was and who deputies believe might have killed her. Today in the bays bob redell is live at the santa rita jail where two suspects are behind bars this morning. Bob, deputies tell us that the victims final words helped crack this case. Reporter they did. According to Law Enforcement, Law Enforcement calls it a dying declaration and in this instance the 19yearold woman told the Alameda County Sheriffs Office who her attackers were, she identified them by name and both of them a man and woman who also happened to be 19 years old are in the santa rita jail. Unfortunately t
Presentation. Thank you. Can i have a motion . Motion to approve action items 1803 through 1811. Second. Just 1810, i think thats a typo yeah, thats oh, 10, im sorry. All in favor . Commissioners, michael terrio, San Francisco construction trades. I want to go back to your awards to your staff and talk about how your [ inaudible ] 14 or 15 years ago, but i guess im a lot grayer, too. The valedictory tone in that would carryover to this particular item. For those of us in the Building Trades who had a long devotion to San Francisco in the port, its not just the work that this particular project brings, but the fact that it brings shall didthat it helps make the port viable in the longterm. It helps sustain the port and the city of San Francisco. Thats the kind of thing thats exciting to us. We look forward to working on this, to contributing to the port on a continuing basis, and i will get out of the way so you can vote on eight items. Thank you. Corrine wood . Good afternoon, commissi