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As well as the establishment of a [speaker not understood] Improvement District allowing for the district to levy assessmentses of up to 1. 5 to do improvements. 5 of that was available towards improvement of moscone and the city also contributed by way of certificates of participation to the 56 million improvement that is now at moscone. So, weve already established that partnership whereas in the first three pieces were voter approved and this is nonvoter approved. And we also partnered with sf travel improvement. We are now proposing as part of the expansion another collaboration. So, this is similar to what weve done historically. Thank you. This slide is a highlight of attachment 3 of the budget analyst and legislative report. It shows you a huge cash flow. We are proposing a not to exceed amount of 507. 9 million, and weve assumed an Interest Rate of 6 . We are req ....
Meeting rooms to bring it up to 85,000. 80,000 square foot or more of contiguous exhibit space which is the most important space for the Convention Center. Up to 87,000 in multipurpose space and 178,000 of support spaces such as loading, service, restaurants and things like that. The one of the key objections of the expansion project would be to maintain Continuous Operation during the construction for the expansion of the Moscone Convention center. In addition to the improvements to the facilities, we will also be looking to improve streetscape, connectivity, bicycle and pedestrian safety, and bring a sense of arrival of Moscone Convention center with [speaker not understood]. The image before you is an aerial view of moscone showing where where th ....
Program, as you can see, the 500 Million Dollars project and the 150 is not sufficient, we could potentially reduce that 41 million to zero, which would reduce the overall borrowing cost of the transaction. So, colleagues, this is something i talked to ms. Sese about last week when i was briefed on this project. And i think its something id like to be looking at later on this year. I mean, this is if we have this expansion potential for commercial paper program, this is millions of dollars of cost savings for the city longer term. So, not for this today, but something in the future i wanted to flag it. But thank you for talking about that. Thank you. Thank you, nadia. As you can see by the schedule, we have a lot going on. Excuse me real quick, supervisor avalos. I just have a quick question. Perhaps, john, you might be able to respond. We have our tourist Improvement Dist ....
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