Work together or transfer its interest to the city and have the city sell them so it can reconfer recover as much as possible the 5. 5 Million Construction loan. Anything other would be considered program plan because it was purchased with the Program Renewal funds. If nothing happens and the ground lease remans in place, they have rights for the ground lease inform that case we are proposing that we still transfer the property to the city, have the city take over as the landlord for governmental purpose for the same reason because they are because of the investment with c dshsg that it would be easier for them to fulfill their obligation that has to do with fulfilling their obligation to had you hud under their loan. Finally food co that one, i know since weve met last time that kroger is still interested in purchasing this parcel. Then the plan would be that they were interested before dissolution and we would still continue to try to sell it to them so that they can improve the Groc
These stake holders out there and yes, yerba buena gardens and the plans are to transfer the assets of the city and continue to manage in some unified fashion. And the city has stated publically they are committed to keeping them together and managing them together but the exact Management Structure has yet to be determined whether it be some City Department or separate nonprofit or possibly some separate authority. But the estimated transfer date here is sometimes 2015, probably. And the city could then continue to use the funds from these leases, all the leases would transfer. They can use the funds to operate the gardens, but the money for the Capital Improvement is another thing that has yet to be determined but we are looking into several options about the city about how Capital Improvements can be used in the future for yerba buena gardens. And finally other properties, i have two, the Fillmore Heritage Center and the garage and commercial air rights parcel and then the foods cop
Back to the floor of the New York Stock Exchange and Nicole Petallides. So far we are on track for our Third Straight session of gains but mecca has been looking good for the bulls. Right now the Dow Jones Industrial average holding on to a gain of just over 67 points. Up 127 points. We have lost some of the earlier gains. We are still seeing the dow up about and a half of 1 percent, and the s p 500 up onethird of 1 . Tech is not doing well. Investors are seeing the nasdaq has moved into the red come into negative territory. Names like intel, microsoft and the hewlettpackard weighing on the del down. Lets take a look at some names that are hitting alltime highs and record highs. It is worth noting, some 52week highs. The dow component, despite obviously the bigger splash. This trace Sales Numbers, best buy in the green, up almost 2 . Some positive comments over the weekend saying that they will do well as obamacare gets rolled out, but there then names like aetna and macys, up 2 . Doll
Big dollars pouring in to big deals today with three multibillion dollar mergers, two of the Worlds Largest advertising agencies agreed to merge. France will create a new ad biamus. And the scale and power to better compete for digital ad space. Also today, a big deal in the Luxury Retail space. Canadas Largest Department store chain, which already owns lord taylor is paying about two and a half billion dollars in cash for saks 5th avenue. The company will have 320 stores in some of the biggest cities in north america. A mega pharmaceutical merger, perago is paying for alon corp. , opening the way for it to move to ireland for much lower tax rate and to expand into italy. A smaller deal to tell you about, Sinclair Broadcasting group is buying eight abc affiliates along with a 24hour cable news channel in washington, d. C. , for just under 100 billion. The current owner is the owner of politico. Why is all this corporate buying going on now . Joining us to answer that, richard peterson,
Good evening, everyone. Big dollars pouring in to big deals today with three multibillion dollar mergers, two of the Worlds Largest advertising agencies agreed to merge. France will create a new ad biamus. And the scale and power to better compete for digital ad space. Also today, a big deal in the Luxury Retail space. Canadas Largest Department store chain, which already owns lord taylor is paying about two and a half billion dollars in cash for saks 5th avenue. The company will have 320 stores in some of the biggest cities in north america. A mega pharmaceutical merger, perago is paying for alon corp. , opening the way for it to move to ireland for much lower tax rate and to expand into italy. A smaller deal to tell you about, Sinclair Broadcasting group is buying eight abc affiliates along with a 24hour cable news channel in washington, d. C. , for just under 100 billion. The current owner is the owner of politico. Why is all this corporate buying going on now . Joining us to answer