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Nations rail Service Needs 4 billion to stay afloat for fiscal year 2021. He made the comments in testimony before the house transportation subcommittee on railroads. The subcommittee will come to order. I ask unanimous consent that the chair declare a recess at any time during todays hearing. Without objection so ordered. I also ask unanimous consent that the subcommittee be permitted to sit with the subcommittee at todays hearing and ask questions. Without objection so ordered. This is a hybrid hearing. I want to remind members of key regulations from the House Committee on rules to ensure that the hearing goes smoothly. Members must be visible on screen for the purposes of identification when joining this hearing. Members must also continue to use the video function on todays Software Platform cisco webx for the re ....
Out of working group with a twotrack request for interest to invite ideas for public oriented uses that could fit within our bulkheads and pier facilities. But because we anticipated that the revenue capability of many of those types of businesses would be insufficient to be able to cover the improvement costs of the piers, we also realized there was a need to be some Development Capability also. So we came up with the idea ofc having a second track for requests for qualifications from qualified developers with experience with historic rehabilitation projects like this. And this proposal is really an experiment. Weve tried it with pier 70 as rfi exercise to invite ideas. It led to us being able to find work and development inc. To be able to save the pier 70 buildings and we thought this might be a good methodology for the district where you could find out what our types of uses that could adapt and what are developers th ....
Conditions, Historic Preservation requirements were for our facilities and through that, the land use subcommittee and now the working group, Waterfront Plan Working Group are looking for a new public trust set of objectives that are specific to the embarcadero Historic District. In the course of the the work we work with state land staff that help guide us on the values this recognize as being acceptable for new development and leasing in these historic piers. This a bullet list of the kinds of benefits and objectives recommended by the Land Use Committee, working group, state land staff building the frame quork and criteria to allow us framework and criteria to allow us to get more tools and flexibility to build our piers and bulkhead ....