SFGTV November 18, 2012
Annual rent would be established by a formula in the term sheet and based on industrial up land land. We are projecting that value is between 50 a square foot and 75 a square foot. And that would generate 583,000 rent to the port and on the high end 872,000 to the port which would be indexed there after. One of the major Public Benefits we sought in this negotiation with at t is port option to buy the ho down yard and near the pier 70 site. Its adjacent to the pier 70 site. Using this appraisal depending whether its on the low or high end our option to buy it would be 6. 5 million on the low e...