And there have been, however, difficulties with the development in the north east water front that is chronicled in this report. And we had the Hotel Project that went through the long process, almost got to the finish line but, for the lack of public consensus on the design. And that process failed, and there was also a high profile, proposal for piers 27 to 31 by the Mills Development corporation, and that again, was a mixed use, recreation project and had too much retail and did not achieve the kind of public consensus needed to get through the public process and so on that basis, we see that there are really still some work to do, with our relations with the community, and that will come forth and our recommendations for fostering those further conversations. And in the Ferry Building area, i think that this building reflects all of the accomplishments and the success of how the Ferry Building has now become again the civic heart of the port and an iconic piece of San Francisco. I
Come parable highrise sales prices. At the hearing on september 12th, the commission inquired whether the 13. 85 million is reflective of todays values given the price increases that have occurred, since the analysis was finished. It is difficult to say how much real variation there will be in the values for a number of reasons, first the project is unique and it has a variable set of come parable property and there has been evidence of significant activity and price increases in the middle of the market, there is less evidence at the high end of the market where this project is located and therefore it is difficult to say how much if any the values for this project would have increased over the last year. And second, the value of the bmr units may also increase in the near future as the incomes are expected to rise, and such increases in value could mitigate the increases in value for the market rate units and third the analysis is based on the project that is still under construction
Way through the bcdc port working through the process which we have briefed you on previously. In the north east water front, and we have quite a bit of improvement just through the directors announcement on opening of the herm an cruise terminal, the plaza, and clearly the explore torium has been a game changer for the north east water front and it is hard to imagine the change if you were not here then, but pier 27 was a news print terminal, when the plan was adopted. When a cotton warehouse and we had a Foreign Trade zone with the semitrucks crossing in 19 and 23, and so what the public has been able to enjoy, with the americas cup and with the permanent developments here with the opening of the cruise terminal, i think that it is something that provides that bridge between the Ferry Building area and Fishermans Wharf that we think has, you know, been a wonderful resource and has attracted so many more people to the water front. And there have been, however, difficulties with the de
The roll . Commissioner singh, yes. Commissioner bustos. Yes. And madam chair. Yes. Three ayes and one absent. Item five, consent agenda, approval of minutes, august 19, 2014. Madam chair . Yes, i believe that first we need to call for Public Comment . Do we have any speaker cards . I have no speaker cards. So there is no speaker cards and are there any comments or questions, edits to the minutes . I move the minutes. Motion, by commissioner singh. Second. I think that it is appropriate for commissioner bustos to second. Yes. And so the motion has been moved and seconded call the roll. Commissioners announce your vote when i call your fame. Commissioner singh . Yes. Commissioner bustos,. Yes. Madam rosales. Yes. Three ayes and one absent. Next item. Next order of business is regular agenda, 5 b, resolution authorizing and direct concern actions to be taken with respect to the election of the city and county San Francisco Community Facilities district no, 20141, Transbay Transit Center
Port commission at the time included all of the ports properties in the plan and didnt thifrpg that it made since to look at only the piers per proposition h. The plan identifies acceptable uses for every port facility on a long term basis as well as setting, leasing guidelines for the interim uses that take place in the port facilities. And there was a water front land use, water front plan Advisory Board that was set up by the mayor and the board of supervisors, and the Port Commissioners at the time. And they worked to recognize the water front plan, which the Port Commission, embraced and adopted, with the addition of a water front design and access element. And i think that the importance of that element was really to set the stage for a comprehensive water front open space system. And some, urban design and architect you aral guidelines to guide what the form and the look of development along the water front should take. And Historic Preservation principals to save and to treasur