Page 2 - Jay Shu News Today

attractiveness of getting greater visitation so that revenue is significantly increased, i assume, so that it is staving off the potential of us being in this position? >> i will return to jay shu. i think the financial nut to crack -- in all of the conversations we had with the museum, the foundation, and the board in the past couple of months, it is clear that long- term the asian art museum benefits from a much more robust endowment than they have today. its standard museum practice...

authorization? >> the $1.6 billion basically restores a request that we have made over two years ago where we asked for refunding savings. the two-five is a number we would like to have in place for refund bonds and to remedy any variable rate debt. supervisor chu: and a final question in regards to the variable portfolio. we will talk about the variable rate portfolio. it looks like you have gotten rid of all of your auction rate bonds. the potential is to enter into a new instrument....

restores a request that we have made over two years ago where we asked for refunding savings. the two-five is a number we would like to have in place for refund bonds and to remedy any variable rate debt. supervisor chu: and a final question in regards to the variable portfolio. we will talk about the variable rate portfolio. it looks like you have gotten rid of all of your auction rate bonds. the potential is to enter into a new instrument. >> there is a new instrument on the market. ...

no one intends to get there. but if you are asking for the maximum exposure, that is it. supervisor mirkarimi: with the dual objective of drawing down the debt after the transfer, how is it that a capital campaign enhances the attractiveness of getting greater visitation so that revenue is significantly increased, i assume, so that it is staving off the potential of us being in this position? >> i will return to jay shu. i think the financial nut to crack -- in all of the conversations...