Area in fact, one good thing about today in addition to the nice temperatures is air quality remains good all across the board to step out there enjoy a nice mild conditions. Well weve got him as we mentioned its not gonna last 50s and 60s for current temperatures, a cool start to the morning along with that good air quality in some of those low clouds ive got more details in your forecast all still to come. Robert all right. Thank you john were checking in on your money youre almost said monday. Its tuesday Tuesday Morning commute its off to a great start and trouble free at the bay bridge toll plaza were checking the drive on 80 and so far its looking good through the maze across the upper deck right through downtown San Francisco so come on in its 8 minutes off to the fremont street exit, heres 92 and its a little busy so we have a crowd here leaving hayward heading over to the peninsula and its been like this for the last 40 minutes or so so, but no big problems its going to thin o
Think which might help, what what the purpose of the investment of the Redevelopment Agency at the time in this space. It wasnt necessarily for pearls. It was to take a space that was abandoned, useless, not contributing anything to the neighborhood, and return it into an actual marketable space that could be a retail space. Now, pearls was the initial tenant and pearls is on the hook for the loan. But the fact that now a different business other than pearls is going to be there actually means that our loan was a success, right . Were still keeping the space occupied, which at the end of the day is the goal of the program. I would love for pearls to still be there and pearls is still on the hook if the space closes again. But pearls cant continue. So, theyre using the provision in their Loan Agreement that theyre allowed to transfer the business to the Property Owner. Is there any money involved by transferring [speaker not understood] got some money . No, in fact, the Property Owner i
Business, but the dinner business, because we didnt have a variety in the menu because we specialize in burgers, and then also the foot traffic right there at nighttime just wasnt enough to sustain the business. So, we have lost a lot of money every month and both my personal finances and the other business was basically carrying market street. We have come to the crossroads at the beginning of this year, the end of last year, we were thinking of every way we could still stay there and try to, you know, change our business model, add breakfast, what have you, but were so far in the weeds financially that the risk is just too high for us right now. But we still believe in the area. My hearts still in that area. As you know my story, i am from san francisco, born and bred, and sixth street is near and dear to my heart. So, we wanted this transfer to still keep the spirit of what the Redevelopment Agency and what the revitalization effort wanted to do, which is to put a vibrant business o
A good way a good way that ive thought about this, i think which might help, what what the purpose of the investment of the Redevelopment Agency at the time in this space. It wasnt necessarily for pearls. It was to take a space that was abandoned, useless, not contributing anything to the neighborhood, and return it into an actual marketable space that could be a retail space. Now, pearls was the initial tenant and pearls is on the hook for the loan. But the fact that now a different business other than pearls is going to be there actually means that our loan was a success, right . Were still keeping the space occupied, which at the end of the day is the goal of the program. I would love for pearls to still be there and pearls is still on the hook if the space closes again. But pearls cant continue. So, theyre using the provision in their Loan Agreement that theyre allowed to transfer the business to the Property Owner. Is there any money involved by transferring [speaker not understoo
The rest of it. Theyd like to get out there tomorrow if could be. Theyre going to be going as quickly as they can. Well have more information in about a week or two. Gotcha. Awesome, thank you so much. Umhm. Any other questions . I had actually a question for chief postel. I was out of town when this happened, so, i dont wasnt able to read all of the media on it. But were there workers onsite at the time . My understanding is all the workers were gone home about an hour prior to the fire being first detected. One quick question while youre up here. Sorry about that. You mentioned the water supply issue. And i wanted to just bring that up, just from a policy standpoint and kind of an oversight standpoint. Is that something that we can do moving forward . I know we have, you know, on all our sites upwards of, you know, hundreds of homes to build and i want to make sure that we do what we can to kind of avoid this because, again, homes are close together in mission bay. Homes will be clos