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Revenue fall short of expectations but theres one key takeaway hidden in that report that investors need to know. Well have all that and more tonight on nightly Business Report for tuesday, march 18th. Good evening. A wakeup call big time for our country. A comprehensive survey on retirement reveals onethird of workers have less than 1,000 tucked away for their golden years. Many dont even know how much they should be saving. Some are calling it an impending crisis, and others want to know how we got here and what can be done to fix it. But first heres Sharon Epperson with the sobering details...

Maritime revenues, the real story on our projections here is that cruise is driving the lions share of the growth in maritime revenues beyond typical cpi and thats really from continued enhancement in the increase in the number of passengers that are visiting San Francisco from 202,000 projected in 2013 to 261 for our projection period. Were also assuming that 6 passenger facility charge and special events and parking revenue from pier 27 which at the end of the 18, about 1. 8 million. So the cruise investment is paying off in the maritime revenue. So for operating expenses the drivers of our ...

So for operating expenses the drivers of our future expense are primarily labor, a lot of it is what we have and paying for increases in fringe benefit costs and cola adjustments, et cetera, and the other part is from adding new resources and positions that we believe are critical to meet operating efficiencies, protect our revenue and respond to who we are today. Also in prior years we had that noncash adjustment for pier 70, the reduction of that environmental liability that we dont project having into the future. So this graphic just shows the main drivers, personnel expenses in the dark bl...

Expenses of the ship repair yard and the water basin that is there, they have worked very hard to try to get us reclassified from a federal perspective to be eligible for those grant funds. In 2006 our capital plan showed that we would lose 8 piers. One of those piers was pier 38, we now have a new plan for that. One of those piers was pier 31, we now have a new plan for that, and we continue to work at these things. With but as we went along negotiating the master permits for both the cruise ship terminal and the americas cup, worked very very hard to try to direct those investments into stat...

6. 6 million worth of tax credits. Hud also awarded us ongoing operating subsidies which will allow the tenants [speaker not understood] their income toward rent. And lastly, as supervisor breed mentioned, you know, were really gratified by the support that we have received in the neighborhood from both the [speaker not understood], the neighborhood organizations as well as all the immediate neighbors. Thank you very much. Next speaker, please. Hi, good afternoon. Im jeff [speaker not understood], im the new director of Housing Services for the arc. I just wanted to talk a little bit why this ...