Page 17 - Development Redevelopment News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Their duties under the lead and there has been no issue with them in terms of least obligation they have a Good Community partner. Number 210 inapt is committed to making a significant invest in the leasehold which will benefit of the port. Well we have seen that happen before and they are doing the same a 350,000 investment we consider that significant. They are taking an under utilized piece of the if you look at it, its an octogon so we have h i ask so eight sides and this they are taking the least used sign and put it in a new dinings and Beverage Service and so we think that is significan...

Octogon building there in fishermans whof and they are offering to extend it in exchange for Capital Improvements and return 50,000 per year com additional renne and improve the Visitor Experience at the who have and take advantage of the new plaza that we just completed and pier prom iniad and [spelling . ] and they are essential to the positive experience of the whof is the improving of the bathrooms and the background of least in december 2010 the port staff came to the commission to request approval for a sevenyear least with andre bow dean backto renovate the octogon building and that was...

Please that investment. So they made an investment, they want to make an additional investment. They have been a good partner here of the port and so for that , they came back and requested a longer term extension, we felt that to be fair and consistent with what had been approved previously, we went they asked for a fiveyear extension, we came and backed it down to a twoyear extension to make it a seven year term and so if this is approved they would have a seven year term to recoup the investment that they would like too make and we have site the port Retail Investment policy under your staf...

[laughter]. Okay. Just on a final note and ill make it very brief. Bows stood out as a brand name the other restaurant but bows is something a little more special and so in ever area the proposal, the scoring the interview, they came out on top. My brother lives there and so i have already been hearing good things. Okay all in favor . Aye resident luxe 125 has been approved. Item ten a presentation and decide on the port of San Francisco blue green way project good answering commissioners david with planning and development and i am to take this opportunity to give the commission and the publi...

Making this investment so, they are now proposing to do the same, if you will and what they are asking for is an additional steenings to help recould you please that investment. So they made an investment, they want to make an additional investment. They have been a good partner here of the port and so for that , they came back and requested a longer term extension, we felt that to be fair and consistent with what had been approved previously, we went they asked for a fiveyear extension, we came and backed it down to a twoyear extension to make it a seven year term and so if this is approved t...