Page 150 - Phase 1 News Today

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 amount of time. Matt walked...

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...

I really dont know what to say. [speaker not understood]. Thank you. I had another question. Is there any percentage rent considered in the tmg proposal . 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 ...

Certainly agree we should take a look at that. Okay, be happy to. What would really be helpful to the real estate staff is often folks that eventually get to your ears are folks that are 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 ...

Major project through the entire pier. Development costs would be in excess of 100 million. We would be requesting the full 66year lease that is within the trust a because that would be required to amortize a very substantial investment, 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...

Out today. I know its cold, but it feels really, really warm. And as carlos and miguel just showed me ask these are of course the two youngest of the five kids that Alice Gutierrez has. Thank you very much. [cheering and applauding] alice, you and the family know better than i do that the bunkers that were built in the 50s that represented hunters view for many, many years were actually built for the military housing back in those years. They werent really meant for longterm dignified respectful...

So, i want to scare you a 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 compet...

Investigation of their metals warehousing businesses. In other washingtonrelated news, president obama has a series of economic speeches planned for the week ahead of key budget deadlines this fall. Hes going to be delivering the first address on wednesday at a college in illinois. More from john harwood on that next hour. Corporate news, apples main website for developers was attacked. The company now saying that no customer information has been compromised, but they cant rule out stolen data o...

Acknowledge the her leadership and her contribution and her support throughout her very long career for Affordable Housing in San Francisco. At this time id like to introduce the president of the tenants association, diva youngblood. And one of the things that we wanted to do in this, you know, as part of hope sf, was this was doing building Affordable Housing, not for the residents, but with the residents. And we really tried very, very hard to consult the residents in the development process. ...

Im sorry for this. I think its i think we have to move the conversation to the place that we want it to go. And now is the time to do it. To marry the vision thats been articulated by the commission, by folks from the public, and get that to be exactly what the puc staff is saying. Because there is some kind of disconnect. And this does that because the goals that weve articulated are our goals, goals of supporters, folks that have worked on this for a long time. I included myself in this. All r...