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Reap the maximum benefit is that we are prizing the lapped and the finished parcels after the entitlement and infrastructure and that is a ready to go parcel and create the maximum value and subject to market timing risks which is something that we need to consider and we are not trying to set the value now or to speculate to the spakt value we are trying to create a maximum opportunity for the port to get that value. The normal and deal very normally would involve an early sale, or option, that is not the structure that we have put forward. Other principles are for the port to continue to hav...

Thank you. Thank you jonathan. To sum up a unique opportunity at this wonderful location and we believe that we have the right project before you today. It is going to improve over the next several months and years, as we go through the entitlement process it has improved since it was proposed in the rfp er a and we have a great partner and a good team and we are very excited to move forward. Again the location, we could not ask for a better location, we think that is going to take advantage of the market and the market is going to reflect the value that the site has given the location and giv...

All of the problems that could happen. They are doing it, and we are doing it and everybody is doing the best that they can. It is a wonderful out reach come. It is beautiful. The meeting of come to order. Good morning everyone. This is the february 12, 2013 meeting of the plans and Programs Committee of the San Francisco county Transportation Authority. I am eric mar and i am the chair and happy chinese new years everybody. To my right are commissioners norman yee and to my right are commissioner avalos. Any announcements . There are no announcements. Can you call item two . Item two is appro...

Agency and so that is one of the main reasons that we are trying to do this. Before i move on to port rent, i want to talk about the numbers behind what we think that the infrastructure and costs will be and the source of the funds, if you will. To get this month ject done right now when we look at the project per form a analysis, it looks like there will be 100 million of the developer that will be needed to get the project done, this is a lot of at risk money, 15 million of that will be happened in the predevelopment phase and that is very risky money and we have as phil as pointed out and n...

Castro to cut across the pedestrian walkway, when people are in the crosswalk. So it is a very dangerous situation. And we have the corner store there where the instruction are unloading goods to the store and hopefully there will be another store with the new construction that is going on in the neighborhood, more stores in the area. And that is, you know, and that is all that i have to say. Thank you. Okay, thank you. Mr. Gilbert. Are there any other members of the public that would like to make a comment . In general Public Comment . All right, seeing none, Public Comment is closed. And mad...