Good afternoon madam chair and commissioners make director its my pleasure to give a brief introduction this afternoon im gary it newland Vice President of the development any partner is unskilled zip also development is here with me we look forward to getting to know you he the staff again brief introduction of our company bay switch for the capital of 10 billion Real Estate Investment company in the u. S. We manage offer 55 million square feet of Square Footage those are regional shopping industries we have a major presence on the west coast and the east coast and then in the state of arizona we typically own and manage iconic Retail Properties just some works are scotts fashion scare in arrested arrests the Queens Center in new york and Washington Square in the Pacific Northwest a strong portfolio and babe baurgd and outlined a couple of projects the one that on the screen is the project that was mentioned we took the santa monica mall we revitalized it into an outdoor retail design
Thank you, mr. Gale good afternoon madam chair and commissioners make director its my pleasure to give a brief introduction this afternoon im gary it newland Vice President of the development any partner is unskilled zip also development is here with me we look forward to getting to know you he the staff again brief introduction of our company bay switch for the capital of 10 billion Real Estate Investment company in the u. S. We manage offer 55 million square feet of Square Footage those are regional shopping industries we have a major presence on the west coast and the east coast and then in the state of arizona we typically own and manage iconic Retail Properties just some works are scotts fashion scare in arrested arrests the Queens Center in new york and Washington Square in the Pacific Northwest a strong portfolio and babe baurgd and outlined a couple of projects the one that on the screen is the project that was mentioned we took the santa monica mall we revitalized it into an o
Good afternoon madam chair and commissioners make director its my pleasure to give a brief introduction this afternoon im gary it newland Vice President of the development any partner is unskilled zip also development is here with me we look forward to getting to know you he the staff again brief introduction of our company bay switch for the capital of 10 billion Real Estate Investment company in the u. S. We manage offer 55 million square feet of Square Footage those are regional shopping industries we have a major presence on the west coast and the east coast and then in the state of arizona we typically own and manage iconic Retail Properties just some works are scotts fashion scare in arrested arrests the Queens Center in new york and Washington Square in the Pacific Northwest a strong portfolio and babe baurgd and outlined a couple of projects the one that on the screen is the project that was mentioned we took the santa monica mall we revitalized it into an outdoor retail design
Real estate trust that focuses on malls joining us are the folks if larry in charge and matrix will be talking about the candle stick point center and providing an overview of the center oh thank you. Id like to start by providing context of the future development of the candle stick point the Retail Center is part of the larger Hunters Point shipyard and the candle stick point project is includes over 12,000 homes below market rate of open space and research and development and office space and 8 hundred thousand space of retail that is the majority of the Retail Center and artist and Community Facilities and 83 million millions in Community Benefits and the Alice Griffith upgrades to the Transportation Network as well as new bus Rapid Transit and the transit lines additional context in january of 2014 the Commission Approved the first phase of candle stick point the first major phase excludes the 5 sub phases built out including 6 blocks of new development and 15 hundred new homes th
And the staff is here for sequesters but first, well give you an overview of the property tax draw were estimating in the 20152016 a period just as i go through weve had a couple of updates so ill call those out as we go through them as an interim process putting the rock together weve got new things and updated numbers in general our p t f request is 15 million a small amount for the shipyard for the taken into consideration tax complements in mission bay and the transbay to the Transbay Joint Powers Authority and some small amazements for the consulting and the biggest item is the Housing Program in transbay moving forward with block 8 requires a significant r t p f request it is weve been uc to funding our Housing Program but now reached the point weve been drawing on the property tax to fund our Housing Program ill start with the shipyard in an overview as you recall the majority of work program in the shipyard is fund by our master developer and we do have activities funded by the