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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 ....
Subcommittees that allowed us to do more nimble discussions and recommendations. Tonight i get to provide you on the recommendations coming out that lead to this opportunity to try to find partners for rehabilitation. In the course of doing the waterfront plan meetings, we hired eps as an Economic Consultant to do financial Feasibility Analysis and shared with the working group and puck liks the cost of pier 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 Distr ....
Moreover, there was a finding that the revenues that could be generated by many of these types of businesses were limited and so there were financial feasibility concerns associated with that. And so, the recommendations that the Land Use Committee and the working group have advanced have acknowledged that were going to need high Revenue Generating uses as financial engine as part much new pier leasing an development projects. But to balance that with the need and desire to a available these facilities for public oriented uses, port staff was really trying to think about how can we expand public oriented uses but deal with the feasibility realities. Through that process, we came up with idea of going on the basis of the recommendations coming out of working group with a twotrack request for interest to invite ideas for public oriented uses that could fit within our bu ....
And so, the recommendations that the Land Use Committee and the working group have advanced have acknowledged that were going to need high Revenue Generating uses as financial engine as part much new pier leasing an development projects. But to balance that with the need and desire to a available these facilities for public oriented uses, port staff was really trying to think about how can we expand public oriented uses but deal with the feasibility realities. Through that process, we came up with idea of going on the basis of the recommendations coming 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 p ....