Thank you, amy, and good afternoon, president katz, fellow commissioner. My name is phil williamson, senior project manager of the Port Development group. Here this afternoon before you with an e a amendment which i will in a little bit of detail and will be available afterwards to answer questions for you along with other members of our project team. Since executing a twophase exclusive negotiation agreement in september of 2010 for the development of seawall lot 337, also known as parking lot a and adjacent pier 48, [speaker not understood] llc, the port and the city staff have negotiated a nonbinding term sheet with pro poed financial term for the lease and development of the site. Last year along with the board the supervisor [speaker not understood] unanimously endorsed the term sheet which included phase 1 as the e a. A described in the term sheet, the port and developer have proposed a mixed use neighborhood for seawall lot 337 with appropriate height and density to create a vib
The senate acts . And which companies could benefit big time. All that and more tonight on nightly Business Report for monday, november 17th. Good evening, everyone. A big day for big deals today. The buzz on wall street was all about two blockbuster mergers, one in the Energy Sector. Well have more on that in a moment. The other in the health care sector. We begin with the bigger of the two deals, generic drugmaker actavis agreeing to pay 66 billion for allergan, the maker of botox. The massive price tag which amounts to 219 per share effectively ends a monthlong hostile bid by Hedge Fund Manager bill ackman along with canadian drugmaker valeant for the same company. Investors approved. Shares of actavis rose while allergan jumped 5 . More now on how actavis sealed the deal. The bidding war for botoxmaker allergan didnt end up quite the way actavis investor bill ackman had been hoping for. More potential partners or combination partners say theyre not interested in allergan puts valea
This is El Cerrito High School and the surrounding neighborhood on lock down as Police Search for a gunman. This is what we do know a shooting near the school happened a little bit after 4 00. We do know that one person is hurt. We dont know the extent of the condition except that they are in stable condition. The suspect is believed to be hiding in the neighborhood. At this point theyre not sure exactly where in neighborhood and there is a search under way. We also have a crew headed to that scene and we will bring you more information as soon as it becomes available. President obama is using the holiday it ask iran to release three americans. Among them, a bay area man. Jason her zien is one of those prisoners. He is from ma rin county and works for the washington post. He is accused of spying and was arrested this past july. In a statement, president obama said in part quote, on a holiday centered on ridding ones self of the difficulties of the past year jasons mother and family wil
From what comes out of this first, if you will, pilot phase so the reporting requirements will tell us a lot. And well be very informative to the next steps going forward. Thats feedback loop is something we want to give you detailed input on. But whats come out from this long process is now before you and the full board is a good compromise. Thanks very much. Thank you, mr. Cohen. Good afternoon, supervisors. Congratulations, supervisor mar, for your brilliant reelection. And thank you, supervisor wiener, for bringing this up. As tim cohen said a little while ag i am concerned also. I do work a lot with the construction industry. Im concerned if we only allow 375 units to be built, it aint gonna happen because people bankers might say, you know what, this is great, but whats going to happen after this . [speaker not understood]. Id like to say go forward but i think we really should think about expanding it. Thank you. Thank you. Is there any additional Public Comment . Seeing none, m
Into a bedroom. Thats called a micro unit situation where you dont even have your own private bath and bedroom. This will provide people with their own living space and their own private kitchen and bathroom. I also completely agree with the point that was made that we need more Family Housing. We absolutely do. And we should be supporting that. But almost 40 of San Francisco ans live alone as i mentioned at the beginning. And we need to be focusing on that segment of the population as well. The two are not mutually exclusive. So, colleagues, this is a good compromise piece of legislation. Although i agree with mr. Cohen and with the Planning Commission that ideally obviously i introduced this with no cap on it and that would be my preference. But politics and legislation being the process that it is, we Work Together and we came up with what i think is a good compromise and i stand by that compromise. So, yeah, that came in too late. I dont think we can reopen public comment. Okay. So