Kari Mcclellan News Today

would be involved as we go through the environmental analysis as well. i just had one additional economic question. if the acoc cannot meet its goals, is there a back-up plan if the fees cannot be raced in time from the city department? >> the short answer is no. that the fully born by the americas cup organizing committee. they would have to work very, very closely with that organizing committee in order to essentially sell the benefits that would be part of -- that would be part of t...

literally watching these deliberations today. i kid you not we have folks from all over the world who are passionate about seeing san francisco be successful in this effort. and the team has been ungive cal with us. -- unequivocal with us. we have noted that we are competing against nations and that san francisco and our honorary committee that includes members of our state delegation as well as the speakers, senator finestein. we are really doing this on behalf of the nation. and toda...

but i feel this is important that we need to have full transparency in the process especially from the supervisors whos districted is impacted. this is a city wide impact but the most impacted will be the low income areas. i want to see the impact on the general fund. i also wanted to thank mr. mark buell for taking on the mammoth job of raising the huge amount of money that the organizing committee has to make. i do note there are a number of environmentists like david festa and paul ...

because weve seen collective bargaining agreements with unions that every time when the city comes back to us and the negotiating team says, weve got a deal. ask yourself, at any time in the board of supervisors have we ever sent the collective bargaining team back for a bert deal without them responding its too complicated, its too much trouble. rarely has that happened. we cant take this answer on blind faith that there may be need for renegotiation which there might be need to re-in...

festa and paul hawkins, david lewis and a number of others. and i would encourage that local environmental groups would be involved as we go through the environmental analysis as well. i just had one additional economic question. if the acoc cannot meet its goals, is there a back-up plan if the fees cannot be raced in time from the city department? >> the short answer is no. that the fully born by the americas cup organizing committee. they would have to work very, very closely with th...

is revealing. i believe the watchful comments and concerns by some of our colleagues added to my voice to that are spot on and i believe we both can go forward the correct amount of milestones and warning steins. because weve seen collective bargaining agreements with unions that every time when the city comes back to us and the negotiating team says, weve got a deal. ask yourself, at any time in the board of supervisors have we ever sent the collective bargaining team back for a bert ...

>> our entire budget is $66.6 million. so that is a good portion. >> 10%? >> 10%? >> then as far as i look at the resolution, of course, and this line has been added about assuring of the port getting reimbursed for the revenue that you might lose or the leases that you might lose. have you heard anything concrete about how you would be reimbursed? what are your biggest concerns about being reimbursed for the lost revenue? >> weve been working with the mayors office that the port would...

>> our credit rating is good. were a strong a credit. so to your point -- >> you expect any changes in your credit ratings based on decisions that were making here or your loss of revenue might have at a future time do you expect the loss of revenue would have an impact on your credit rating and your ability to do bond, indeadness ? if -- indebtedness? >> the credit analyst for the credit agencies would take the term sheet and assume that we lose every pier that is mentioned in there a...