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When we look at the evaluation project we have to look at trades so it out put of the model as you look at the scale from the first floor to the 50 accounting floor were looking at similar buildings for new constructions in similar book Stores Locations for our conclusion. Those are numbers their the current context and reflective of the evaluation in San Francisco. Yeah. Real quick if you have any questions, ill be happy to answer them or address them later on thank you. Sir im going to turn it over to scott from the Transbay Joint Powers Authority Transbay Joint Powers Authority to talk abou...

How is the park being paid for. Were going to work with the Mayors Office. Ive heard 29 million gap is that the the total amount direct and indirect. The total amount it 37 million. So through the grapevine youll meningitis the 37 million for the parks will or may come out of the mel ruse a thats another 37 million less for the downtown extension is that fair. You said 16 is an equivalent amount. So 618 minus 37. You see sort of the pattern of my questions im concerned with since this project is it will be out of the ground zoo soon but theres plenty of opportunity for cost changes. Im going t...

Day today, its a Highwater Mark its the High Technology part were extremely located well with the downtown area but basic reweve got the revenue costs at a high level across the buildings and look at the height as you go up a building to generate a overall net income value and then capitalize it theres a lot of assumptions when we look at the evaluation project we have to look at trades so it out put of the model as you look at the scale from the first floor to the 50 accounting floor were looking at similar buildings for new constructions in similar book Stores Locations for our conclusion. T...

Opportunities beyond those first 5 projects become more and more difficult because changing the quality of material or going with concrete floor instead of another floor incrementally in the big picture dont have a large impact. We do have a lot of alternatives within the package but the first 5 packages were going to trigger a lot of the costs. So thats one reason as an example the ceiling underneath the throughout the Transit Center but at the ground level were originally g f r. C. But the design team a redesigning those to reduce the costs of that element of construction which is about 3 hu...

The mel ruse. Phase two is the tunnel it connects the tunnel into king and the new Transit Center. On this map first of all, you see alignment 4. 3 miles going up targeted downtown i up to the new trait center another thing the need for the d t x extension a lot of people that dont use caltrain they dont see that but youll see on the slide the area half mark radius there are one hundred and 80 thousand jobs compared to other figures of jobs open fourth and king about a tenfold difference the other thing on the aerial part of the city this is a few years old the area north of market is built ou...