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SFGTV August 17, 2013 - Vimarsana News

SFGTV August 17, 2013

And we would finance this through a combination of private equity, debt, and federal and state historic tax credits. Tmg has a lot of experience and we believe we can secure those credits and help make this project work. The project would generate a good deal of revenue over its life as well as a good deal of expenses up front,v and we expect that we would be able to pay a very substantial amount of rent to the port and would be willing to structure various forms of up side participation as is typical for these major projects, however, there would be a need to negotiate and offset credits, qua...

SFGTV August 19, 2013 - Vimarsana News

SFGTV August 19, 2013

In on a transitional basis. Coming around to the south side of the apron, a big gift will be to remove the office space in the bulkhead building, thereby allowing Public Access onto the apron and up around to finally reconnect the neighborhood with the water. And then visitors serving retail, instead of office, we will address how we accomplish that with the change of use in a minute. And finally, a history connecting the north and south sides of the building. Weve also included 55 valet car park spaces, but we want to impress upon the port, were happy to work with you either way with those nu...

SFGTV August 19, 2013 - Vimarsana News

SFGTV August 19, 2013

Credits and help make this project work. The project would generate a good deal of revenue over its life as well as a good deal of expenses up front,v and we expect that we would be able to pay a very substantial amount of rent to the port and would be willing to structure various forms of up side participation as is typical for these major projects, however, there would be a need to negotiate and offset credits, qualifying rent credits for the structural work that would result in this new project going forward. Weve been asked to address project phasing issues and wed like to be as frank as w...

SFGTV August 17, 2013 - Vimarsana News

SFGTV August 17, 2013

Investigate what the hurdles are, or their perceived hurdles. Sometimes its just a natural progression that it takes time to do things. Or maybe theyre being asked to do something that they dont really want to do. So, it would be helpful if you would call me or the leasing manager or any of the Property Managers and, you know, ask that would be helpful to us if we can learn what the perception is out on the street, if its different from what were perceiving. The perception out on the street is people on the street dont know whats available at the port for rent, first of all. And i dont think i...

SFGTV August 19, 2013 - Vimarsana News

SFGTV August 19, 2013

Is there any other Public Comment . Come on up. Hi, good evening. Im paul [speaker not understood] with bill group. Were a general Contractor Building a project across the street from crane park. And we moved in about six months ago and the process was pretty easy. I heard it was difficult to get a lease, but it really wasnt. Took about 30 days and got some good land, and it helped us build our project. So, yeah, we had a really good nice easy time. Thank you. Thank you. [laughter] is there any other Public Comment . Commissioners, questions . Thank you for your presentation. Its sometimes a l...