Page 9 - Ted Eagan News Today

Meeting rooms to bring it up to 85,000. 80,000 square foot or more of contiguous exhibit space which is the most important space for the Convention Center. Up to 87,000 in multipurpose space and 178,000 of support spaces such as loading, service, restaurants and things like that. The one of the key objections of the expansion project would be to maintain Continuous Operation during the construction for the expansion of the Moscone Convention center. In addition to the improvements to the facilit...

Im counting the hotel tax as a whole. So, not all the hotel tax goes to the general fund. Fair enough. I get where youre coming from. Okay, thanks. I want to make sure the public was very clear on all those combined benefits. Colleagues, do we have any questions for mr. Eagan . Okay, seeing none, thank you very much. Appreciate it. And at this point wed like to call our last speaker, our budget legislative analyst for their report. Mr. Chair, members of the committee, supervisor kim, we report o...

General fund and supports thousands of jobs. The proposed expansion will generate even more benefits. Tourism dollars generated from Moscone Center activities ripple into every neighborhood in the city. Through rate compression which pushes businesses into neighborhoods where business in the neighborhood when hotels around the Convention Center are actually full, it pushes business out to other hotels outside the downtown corridor. It also helps with paychecks, local purchases and taxes paid by ...

It were by background, an annual appropriation by the general fund, making the Convention Visitors bureau rather than applying it to its operating budget. The proposal is to reallocate toward the repayment of cop. These are not new dollars. These are dollars that have already been committed historically to the convention [speaker not understood]. The next slide is the sequence of how the flow of funds would work. As you know, by requiring 6 proposing 6 interest, it is way higher than your typica...

2013 meeting, the time is now 5 40 p. M. , and the meeting is being called to order. First item is roll call. Before we call order, would i like ask members of the public to turn off all cell phones and pagers. And please sign in at the front table if you would like to be added to the mailing list. Public comment will be taken on each item and speaker cards are available at the front table. If you fill out a card and you can leave it at the front and i will retrieve them. We would like to thank ...

For you that we received president chius amended legislation on july third and this is based on the analysis of the amended version of the legislation, as the supervisor told you there was significant changes between the original and the amended version but what we are talking about is the new amended version. First i want to give you an overview and i will echo what the supervisor told you, but i just want to set the stage sfo some of my later remarks. And what it essentially does is allow a qu...

Program, as you can see, the 500 Million Dollars project and the 150 is not sufficient, we could potentially reduce that 41 million to zero, which would reduce the overall borrowing cost of the transaction. So, colleagues, this is something i talked to ms. Sese about last week when i was briefed on this project. And i think its something id like to be looking at later on this year. I mean, this is if we have this expansion potential for commercial paper program, this is millions of dollars of co...

Opposition yes. [speaker not understood] district attorneys office. This is attorney john givener. If its possible the board would continue the hearing on february 5th and finally make a decision on the 129tion or later. I would recommend [speaker not understood]. 12th fair enough. Strike the date from the further resolve clause well do it subject to the approval of the board of supervisors on the moscone expansion district. And i have a second to that. We can do that without opposition. And id ...

Of all of the studies by Hr Professionals in the United States and beyond of the positive Economic Impact of what we are talking about here. And now, i also want to take a moment to acknowledge and thank the many San Francisco businesses that already have workplace policies of the type that i am talking about, many Business Leaders and my conversations in the last couple of weeks have told me that the Companies Already do it. For the companies that are already doing this, this ordinance will not...

I think i take it very seriously, the idea that the general fund funds a lot of services for people in the city and certainly a special event like this one should ben if youth the general fund and not create shortfalls elsewhere. ~ benefit projected at the top 22. 5 million less the 6. 8 million of acoc projected to date. Tax revenue well talk about further in the next segment of this presentation. So, when you basically take that math equation, there is a remaining shortfall of 2. 6 million, th...