Going to be a huge addition to San Francisco and so did our neighborhood and we worked out solutions to complex issues. This has a lot of complex issues and absolutely no solutions. A lot of eye candy is what i see. Okay. Eye candy, smoke and mirrors, hollywood. What we need is a comprehensive discussion with the neighborhood, the cac not marginalizing the cac. These people do a lot of volunteer work. Theyre stakeholders. Were all stakeholders. We purchased our homes there. We plan to live there. We plan to live there with our neighbors. We dont believe that this project if its left undiscussed, not vetted correctly will work. It wont function. It wont fit in the neighborhood and i think we need that clear dialogue. We need participation and i echo what katie has said and i think you owe it to the community to delay this and delay a decision on this as requested. Thank you. Dennis mackenzie and after that corine woods. Thank you commissioners, director and everybody. I am Dennis Macken
The family shows, those concerts and performances and to date we havent had a location for. One of our mostarden supporters and the San Francisco convention bureau, sf travel. They see this project as filling a distinct void in the citys portfolio thattee can make available for conventions and meetings and events in our city. Very important. We will make a promise with jobs and 1700 permanent positions and over 4,000 other jobs and aggressive hiring and business commitments new economic engine for this part of our city. We will create massive economic benefits. Jenn just ran through those. 10 to 20 million annual direct tax few revenue to the city. Over 50 million of one time impact fees and 60 million annually in new visitor spending. All of that again without any money from the citys general fund or any new taxes and last but not least we want to use this arena as an engineer to create a great new public space in San Francisco. I know one of the great reactions we have gotten to the
Advisory groups around waterfront issues. I wanted to echo katie ladels comment which is that we had a lot of information, a lot of documents to read. Im sure you have read them all, especially the fiscal Feasibility Study and all four appendices. It took me a couple of days even to download it. This is going too fast. The cac was supposed to believe able to advise city about how we felt about this project. We havent had that opportunity. The cac meetings have been essentially information dumps without the ability to discuss and ask questions. We have had the opportunity directly with jennifer mattes and other staff people to ask questions but we havent necessarily gotten answers, and we think it would be better if youre going to postpone, and thank you for postponing the term sheet. If we could have that opportunity before any of these documents get approved. The fiscal Feasibility Study leads into the term sheet. I cant see how this is a good deal for the board. Youre losing all the
Commissioners. I am a resident in the area and on the board of directors for court side 38 bryant. Leslie katz long time no see. Congratulations on your appointment. Any of you get whiplash . I know i did. This is a break neck project in San Francisco and i have never seen this. The giants took two years to build their place and it paid off. This is a lot of money coming from hollywood to muscle their way into our neighborhood and i want to say that clearly, and this neighborhood is a 5 billiondollar investment in San Francisco with 6,000 residential units and more on the way. You all know that. I was a big booster for the cruise terminal and i thought it was going to be a huge addition to San Francisco and so did our neighborhood and we worked out solutions to complex issues. This has a lot of complex issues and absolutely no solutions. A lot of eye candy is what i see. Okay. Eye candy, smoke and mirrors, hollywood. What we need is a comprehensive discussion with the neighborhood, the
Listed here. So the summary of the fiscal Feasibility Analysis findings is that the project would generate direct and indirect economic benefits of about 19 million annually and 53,000,000. 01 time in city fees. The visitors spending is approximately 60 million a year and there would be 2600 construction jobs and 1700 permanent jobs and those jobs are job year equivalent that created construction jobs during the three year construction time frame and those are permanent ongoing jobs that would be supported by the project. Project funding we just described the basic structure. Okay. For the operation and Maintenance Cost the warriors are going to assume all responsibility for the costs associated with sea wall lot 330 and pier 3032 and an early look at departmental expenditures the Fire Department and rec and park anticipate no fiscal imprakts from the project and we work with the police and mta and cost of impact and on going cost in order to service this new development. There is prop