>> thank you one, two, three, four. ♪ ♪

>> this is called rah, rah, rah ♪

(applause). >> thanks everybody. make sure you come even when there is not a band here. ♪

♪ >> it is has been quite a few weeks here in san francisco. mayor newsom: we balanced the budget and celebrated we did not lay off police officers. we expanded our universal preschool program. we did so without raising taxes. we got our budget on time. we did not borrow a significant amount of money. we were able to address significant concerns of the school district by using dollars from the rainy day reserve and transferring them over. we are proud of that. then we kicked off 12 pieces of legislation i signed establishing the framework for the southeast sector redevelopment deal. [applause]

supervisor maxwell and other community leaders established the framework where we will provide 10,500 units 30% below market. we will provide hundreds of thousands of square feet of new retail with acres of open space and new parks, literally kne millions of feet of space for r&d, areas for outdoor amphitheaters and an outdoor stadium, we hope that is for the san francisco forty-niners. the artist colony was preserved. we will be rebuilding the ellis griffin public housing site. -- we will be rebuilding the alice griffith public housing sites. it is 30 years of hard work coming to fruition. we are marking the economic development of this part of san

francisco and marketing at the economic development of san francisco for the next 30 or 40 years. that means tens of thousands of jobs and all kinds of infrastructure improvements. if that was not enough from the budget to the hunters point deal, we were also an extraordinarily proud to have had speaker nancy policy out here, senator barbara boxer out here, and countless others celebrate our groundbreaking at the terminal. we will be developing a world- class grand central station on the west coast of the west coast. i call it a grander station. it is a new intermodal facility creating a regional transit hub. 11 transit agencies will feed in from 88 area counties into this

world class hub. there will be ground-floor retail. there will be 2600 new units of housing. 30% of them will be available below market. there will be the ability ultimately to connect the high- speed rail from san francisco to l.a. and ultimately down to anaheim and eventually to sacramento. to have the key terminus there at the terminal. the speaker was there. she has been extraordinarily helpful for decades. she was disproportionately influential with the great support of secretary lahood who was also of the press conference. they got $400 million of the stimulus money. $400 million will be going to this site to create this framework, a train box will

allow for the terminus of a high-speed rail and extension into this new terminal. it will be the heart of the new downtown of san francisco. it is a $1.6 billion first phase in terms of the new frame. then it will be $400 million for the structural frame for the new train box that will allow for this facility to truly be everything we are hoping and imagining it will be. this is something will also anchor our economic future. we will be doing that for the economic future of our city and

for the entire region. at the end of the day when jobs and the economy continue to grow, we will see congesting. people forget that in the 1990's when we saw job growth, we saw commensurate transportation congestion of roughly 200% as a consequence of the job growth. when our regional economy comes back, the key differentiator will be transportation, alternative means of transportation. we cannot build enough freeways, highways, bridges, and roads. it has to be public transit. the buses and light rail will affect the economic fate and future of the region, particularly in san francisco. tens of thousands of jobs, some estimate up to 48,000 jobs will be created over the life of this terminal and a new

neighborhood development and redevelopment. both of those projects are of such magnitude and significance that if we do nothing else in the city, that should give people confidence about our future in terms of the ability to set the course for revitalizing our city and being competitive on an international basis. it is not about nations and states now. it is about cities and immature regions -- metro regions. these metro regions will be competing with others around the globe. there is the commitment now from the federal government that we will have the resources to development this infrastructure and transportation hub that will give us the anchor into san

francisco in terms of job creation and the like. those are two significant things in addition to the balanced budget. this week, we are celebrating a third. none of this was easy. all of this came together in the last couple of weeks. this came together just a few days ago with treasure island. >> signing this endorsement, we ensure that this site will remain a source of jobs for our community for decades to come. >> 8000 hhousing units to be developed with additional space for open space. there will be the ability to create a new town center and ferry service to the island. there will be a new strategy in terms of the straddle is age -- of the usage of wind, water, and

solar. all of these things are remarkable planning. it is a visionary plan to take an old navy base that was literally a wpa project that was sand and rocks them into the bay for the world's fair. it was to eventually become the san francisco airport. it never did, thankfully. the navy had it for over 50 years. they began the process in 1993. it was in 1994 that things started in earnest. mayor willie branown and mayor frank jordan worked hard on this. we created this new framework of profit participation, the first ever in the history of this

country where a news polity like san francisco, a private developer, and the navy came together. each one has a stake in the other's success. this is why the secretary of the need avy was here with speaker pelosi. it will not officially be executed until the environmental review is done next year. we signed an agreement, the three of us. again, this is all about jobs. this is all about real imagining our vision to include jobs, housing, and a light to focus on taking an old property that is not servicing a lot of good in terms of what it produces economically and creating a framework where we think we will be doing something that will be in the -- envy of cities

around the world. it is something to really celebrate. even if you feel pessimistic about your city and that there are a huge amount of challenges, i think people will mark this moment in san francisco history as a really proud moment as we look forward to replicating the success that is now taking shape in mission bay and replicating the best we have to offer in terms of sustainable values as opposed to situational values. we're thinking about how the city will look imagine how we will look as people in the next 20 or 30 years. i wanted to mark this week' and this message in light of those extraordinary projects that have all gotten to the next phase and level. now it is all about application

and implementation having a framework where we are creating jobs and opportunities and revitalizing these areas. that is it for the week. i also wanted to note that we had some success in the central part of market street this week. we're down there with the partnership. it is a more modest redevelopment strategy and new business just opened down there. we will be doing these arts markets at u.n. plaza. it will be happening on august 19. in a couple of weeks, i will be announcing that we will be doing dance, music, and theater. we will be bringing it out on the streets and sidewalks around the central market area starting at the old navy plaza. this will be happening in late september. we will use it as a catalyst for

revitalization and change in the central market area. as we look big, treasure island, hunters point, trans bay terminal and redevelopment. we're going to look small at fifth, sixth, seventh, eight st. and began storefront by storefront -- and began storefront restaurant to look for change. the national endowment recognized our efforts. we hope to do to market street what they did to times square in new york. large and small, but a lot to be thankful for and excited about as it relates to the future of this area. ♪