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Property, which is really directly across the street from Moscone Center. Under the proposal before you today, the moscone expansion district will support and enable the city to invest important infrastructure project. Were very excited as a Community Hotel community about the project. The Funding Partnership is almost identical as youve seen today for our tid formed back in 2008. As through the vehicle of the tid, weve been able to have great Sales Marketing and promotion opportunities to support the city and our increasing occupancy and adrs. We hope you support this proposal for us forming ...

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 on pages 17 and 18 that the proposed expansion of moscone would yield annual additional tax revenues ...

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 our visitors that are staying there. For these reasons, the Hotel Community is proud to partner with...

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 cost savings for the city longer term. So, not for this today, but something in the future i wanted to...

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