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And up since whom who stands in my best college and dalby lives. I sometimes think were just happy to have him here these are these are these are. Just. Really. Just 19 hes the 1st player to school 7 goals in his 1st 3 winters League Matches for jordan and 6 fizeaus folk in the Champions League right during this period because one of the best players in the world but how did alec hall on the campus star strike if he is to die is a show im going to assume takes whats the secret speedy its much easier to know which making you want to tricks in a life with the leads one son of a norwegian player in the English Premier League starting his rise to the top. 3 times the cook the coach his friends and his father so one of my strength is i can see how they can tell us how he became. So if you are in no way you can say. ....
Yes, im sorry i did not mean to say that it would create a problem. We want to allow it that process to occur in a gradual and orderly way. It wasnt just allowing them to mature. When they mature they roll off. Yes, it is orderly, and thats why we intend to do it that way. But you have not started yet . Youre reinvesting now. Im just curious why it doesnt seem to i agree it is orderly and that is our dire to have to be an orderly process which is why we intend to allow those assets to run off as principal matures. We recognize that allowing that process to occur results in some tightening of financial conditions. And so before we turn that process on, and start it, we want to make sure that we have adequate ability through our normal overnight Interest Rate moves to meet the needs of the economy, particularly if it were to weaken some, which would be a long process if it is running off we want to make sure we have enough scope and ....
In the maritime revenue. So for operating expenses the drivers of our future expense are primarily labor, a lot of it is what we have and paying for increases in fringe benefit costs and cola adjustments, et cetera, and the other part is from adding new resources and positions that we believe are critical to meet operating efficiencies, protect our revenue and respond to who we are today. Also in prior years we had that noncash adjustment for pier 70, the reduction of that environmental liability that we dont project having into the future. So this graphic just shows the main drivers, personnel expenses in the dark blue, charges for other city departments, other expenses, professional services. So Expense Growth is projected to outpace Revenue Growth resulting in a negative net income position throughout the projected period. Atz i said, it still shows we can cover operating ....
So for operating expenses the drivers of our future expense are primarily labor, a lot of it is what we have and paying for increases in fringe benefit costs and cola adjustments, et cetera, and the other part is from adding new resources and positions that we believe are critical to meet operating efficiencies, protect our revenue and respond to who we are today. Also in prior years we had that noncash adjustment for pier 70, the reduction of that environmental liability that we dont project having into the future. So this graphic just shows the main drivers, personnel expenses in the dark blue, charges for other city departments, other expenses, professional services. So Expense Growth is projected to outpace Revenue Growth resulting in a negative net income position throughout the projected period. Atz i said, it still shows we can cover operating and almost get to renewal ....
From continued enhancement in the increase in the number of passengers that are visiting San Francisco from 202,000 projected in 2013 to 261 for our projection period. Were also assuming that 6 passenger facility charge and special events and parking revenue from pier 27 which at the end of the 18, about 1. 8 million. So the cruise investment is paying off in the maritime revenue. So for operating expenses the drivers of our future expense are primarily labor, a lot of it is what we have and paying for increases in fringe benefit costs and cola adjustments, et cetera, and the other part is from adding new resources and positions that we believe are critical to meet operating efficiencies, protect our revenue and respond to who we are today. Also in prior years we had that noncash adjustment for pier 70, the reduction of that environmental liability that we dont project having into the future. So this graphic just shows the main dri ....