Page 149 - Phase 1 News Today

Little bit and reassure you a lot. The scare you part is that commissioner arce, youre absolutely right. They could set the not to exceed rate next week. They could move forward with a Shell Program and no other program, which as i said is only less than 4 of what we envision. So, but with that said, the reason that advocates have recently voted and said to the sfpuc and to lafco we would like them to proceed with these not to exceed rates is because they are now competitive with pg e. Especiall...

Having a problem or theyre not getting what they want. But if you feel free to call me and we can walk through it and investigate what the hurdles are, or their perceived hurdles. Sometimes its just a natural progression that it takes time to do things. Or maybe theyre being asked to do something that they dont really want to do. So, it would be helpful if you would call me or the leasing manager or any of the Property Managers and, you know, ask that would be helpful to us if we can learn what ...

Particularly with a full seismic upgrade and pier structure work that would be required. And we would finance this through a combination of private equity, debt, and federal and state historic tax credits. Tmg has a lot of experience and we believe we can secure those credits and help make this project work. The project would generate a good deal of revenue over its life as well as a good deal of expenses up front,v and we expect that we would be able to pay a very substantial amount of rent to ...

In phase ii wed have percentage rent. I think in phase 1 were paying the base rent. Thank you. Any other questions . Comments . I might have more than one, but if i was reading the numbers right, simon, is yours going to cost about less than 40 million to do phase 1 and 2, or was that 26 million just infrastructure . Excuse me. The 26 million infrastructure, project costs 118 million, roughly in the same ballpark with tax credits. About 100 million. And can you guys both just give me a cursory r...

We get child care to help us support the jobs that we need to build for our families. And i know as your kids growing up, theyre going to understand these things more and more as they take up more responsibilities, right now keeping you from your brandnew bedrooms clean. [laughter] helping mom with the dishes, cleaning up to get your education to be the best person you want to be and go for the jobs you always wanted to have. This is the promise we have. It isnt just the physical structure. I kn...

Sometimes there are [speaker not understood]. It starts out as photo storage and turns into a museum. So, everything happens. There isnt any one thing i can point to, but if you realery seeking a way to streamline them, maybe what we should look at is what the delegated authorities are for negotiating more broadly around terms in the [speaker not understood]. Id like to do that. If its on the lease side, if im applying for a lease to the port and you guys want a pink piece of paper, its up to me...

Presentation. You both sounded very experienced participants and i think its a great project. Thats all i need to say at this time. I want to piggyback off my fellow commissioners. Too eagerly, this is just great. Both different visions, both creative thinking, both out of the box. I just am impressed with both. This is a great project. Wrong the port could be in a better position to have two excellent candidates. I really dont know what to say. [speaker not understood]. Thank you. I had another...

Proposing a mix of uses the right balance that will be consistent with the public trust. The historic rehabilitation of the building to secretary standards is itself a trust use combined with the balance of restaurant and retail as well as the new apron and the bayside history walk, we believe will allow the appropriate balance with the office space that is needed to make this project financially feasible. And we believe that we do have a regulatory strategy that will get us through a reasonable...

Contracts they have available for us to get instate labor, hydro, ghg free, start to go away because theyre going to start selling those contracts to other vendors that they have, other people that want to buy that energy. And, so, we need to keep this thing moving forward. I understand, commissioner arce, that you have some kaiserious concerns. Those are concerns that have nothing to do with the not to exceed rate. They have other program designs and we can continue to have this discussion. You...

Sometimes there are [speaker not understood]. It starts out as photo storage and turns into a museum. So, everything happens. There isnt any one thing i can point to, but if you realery seeking a way to streamline them, maybe what we should look at is what the delegated authorities are for negotiating more broadly around terms in the [speaker not understood]. Id like to do that. If its on the lease side, if im applying for a lease to the port and you guys want a pink piece of paper, its up to me...