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They get a 90,000 equity jump start for permits transferrable, and they can get 240,000 for it after paying 150. So, they have something most of them are going to want to build equity. The second thing which is more subtle is once they have the medallion, theyll typically give about 2200 in lease income from having the permit, pay 800 towards the loan, 400 in income tax. That gives them 1,000 income increase as a quality of life improvement. And it is such a major thing to these people, 55 years old and typically have families. I think that you look at the revenue you get, 1,000, like myself, prop k medallion and the [speaker not understood] together, when you have us surrender the permits and sell them for 100,000 profit, that generates 100 million. Youre also leasing medallions to color schemes now. You get fees. If you look at what im proposing, 300 medallions at 150,000, thats 45 million. Typically theyll retransfer in 10 years. 60,000 is going to be another 18 million. So a person

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