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for winning the best prize through the james beard award for his business right here in the ferry building. so congratulations to chef fan and hopefully he has 10 more great years coming down the pike. also making the james beard foundation list is coqueta, which earned one of the five very coveted slots for best new restaurant, which is a gray coup for them. they were in company with estella of new york and peche seafood grill of new orleans, so they were the obl west code restaurant to make the list. you may recall just last year chef michael tuarello made the list and now they ve moved even higher into the top 5, so we re very proud of their efforts as well. congratulations to chef is turello and everyone else at coqueta as we have been mentioning, we are looking forward to issuing a new set of port revenue bonds. we ve been working for several years to create that capacity to be able to borrow funds through our revenue bound program to do needed improvements at the ....
talked about. the port is guaranteed that number. right now we re getting $70,000. we re guaranteed 77,000? it s the greater of those numbers. so we ll be getting 77,000. at a minimum. so where does the 150,000 come from? fran worked with the parking lot operator who operates this lot on behalf of the giants and looked at the park s past performance of this site to generate a per space revenue number and then looked at potential increased patronage to the site and if somebody drove to the site to go to the beer garden or one of the retail shops how long would they stay. there s some assumptions made behind that number but i think fran could speak to the conservative nature of that number. as phil mentioned it s largely about increased patronage and parking lot revenue increasing because people will be coming down here on other than a dwaipl game day to use this site. we believe it s conservative, the 150,000, particularly we budgeted for 12 special event ....
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