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the driveway, bringing the rage into san francisco. as we heard from the mayor, it is a very, very important part of the project because it does connect san francisco. as you know, of 100 million people use this bridge in a year to come to san francisco. but the construction of the bridge itself brings a lot of jobs to the bay area and we re very, very happy about that in support of all the work that our president is doing in washington to bring more of projects of this type. this bridge marks a huge improvement to connecting san francisco, and also connecting treasure island, which is the development that will be it s a development that s under way, and will hopefully be a place where everyone can also enjoy and ride their bicycles. next year we ll be celebrating the 75th anniversary of the bay area bridge. i want to remind everyone to look forward to that celebration. it should be huge. i know there s a number of projects, some lighting of the bridge and all sorts o ....
originally we were located in pasadena. i wanted to relocate the company to san francisco. i looked at a number of places in the bay area. after looking at places in the east bay and the peninsula, i realized the company should be right here in the mission bay innovation center. why? we were always going to remain small. i wanted to be a capital efficient company, and the opportunities to maintain cost control were huge by relocating the company here. being in san francisco, we are also ideally located to recruit top talent, and we ve done so. we re goiming to going to remain small. my standards for hiring top employees, very high. we found good employees and they ve relocated from other cities in california and the east coast to work here. so we ve brought new, talented people into the company. we also have people who commute in from the peninsula. i think that s another strong selling point that people in mission bay don t realize. we re at the center of a transit h ....
today we have not been exposed or had to pay for taking those risks. in terms of the economic package, we assumed that a fully operating building, where our costs for the space they have are pushed through directly with no mark-up. it would be attractive compared to the alternative of having to build an entire leasehold at 2,000 square feet and build another one at 8,000 and build another one at 20,000, and that indeed has been the case. so people don t object about the economics and we stayed on this path of passing through the cash costs that we incur as the basis for renting out space. the last two weeks i was in china. the cities are competing against each other for our factory in china so the back drop there is we have the first oral anemia drug, which addresses an unmet medical need throughout the world, where people cannot get therapy, it s too expressive, they can t get to hospitals, things like that. in china, there s about 20 million people that are desperatel ....
you may be paying $30 a month for electricity. thank you for inviting me to come. i am still going to be there. i want to be part of the committees set up talking about solar and the rising of the see coming into my area. that area is landfills. people do not want to realize that it looks good, but it is not good. thank you very much. [applause] thank you for your dedicated energy to help us achieve this goal through the closure of those power plants. to wrap things up, we have those who have made this building what it is. the manager of sustainability programs for the academy of sciences. we want to congratulate them for recently achieving double leed platinum status, the largest such building in the world. [applause] thank you for joining us this morning on our living rooms. it is a bit of an exaggeration to say i am responsible for this building and all of these excesses of the academy. i can only take a small bit of credit for what we do. we are honored the mayo ....
thank you for joining us. i m katherine sharp. we are very excited today to have a press release from the mayor and have him join us. this has been an amazing experience for those of us from the very beginning. we look forward to sharing that story with you. without further ado, mayor lee. thank you, katherine. thank you very much for being here. i wanted to join this great moment of celebration for fibrogen, which is more than a serial. that was what i first thought when i saw that name. i want to congratulate fibrogen and all the companies that have spouted up. i had the creation of this experiment with bioand life sciences here in mission bay. now a few years later, it really began in 2009 where there were five companies that started in this building. today, there are 23 of these microbusinesses that are doing biotechnology research, clinical laboratory research as well as applications for that. right here, the three areas of work that they re doing. they to ....