new arena by at&t park. what is the status of that project, and who would pay for it? i am talking about financially. >> let me put this in perspective. if there is anything i have learned, it is that sports teams are also businesses. they want to be successful as well. there is changes. if you are an observer of the sports business, there have been changes in the business models. the giants have been extremely successful owning their own stadium in san francisco. it is one that i think some francisco has learned a little bit early. owning your own stadium means a lot of infrastructure investment that sometimes we do not have in bad years. the model about the sports franchises who might consider owning their own stadiums is challenging. it is one i personally support, because it is their private

investment that has to be laid out there. for any arena that we build, i think the reason why there is a discussion that was going on between the warriors and the giants, it is because of that very successful model. there are things i cannot say, because i am not privy to all the details. but i am hoping sports teams look at san francisco being a great venue not just for their sport, but if they do decide to invest in their own venue, the venue has to be successful well beyond those numbers of games that might be had there. we are talking about an entertainment arena. the same challenge for the coliseum -- i used to live in oakland and wanted success all around. you have to have an environment for other things to happen, to have other events that are successful, to make money for

all the different investors. you have to have an entryway and transportation infrastructure that supports that. that is what we have in mission bay. the details to follow. i think we are more than just the warriors. i think there are other sports ideas coming forth. with my discussions with the niners, we have ongoing discussions about the legacy of san francisco. they obviously want the name san francisco forty-niners. that means there has to be a constant link with us. what does that economically mean? we are in those discussions as we speak. >> we have time for one more discussion. you were recognized, acquired rightly, as pioneers coming into office, as chinese american mayors in our regions of two biggest cities. what has that meant to your city?

what benefits has a broad backs either of you can take the first crack at that. >> obviously, being the first chinese asian american mayor in san francisco is significant. as mayor quan knows, we have generations of his stories were we had the local laws that literally prevented our population from voting. it is significant for so many fronts that i think are all well spoken of already. having said that, i have been working in government for 22 years. i have seen what it takes for a mayor to be successful. i have supported for may years. i have run five different departments. for me it is good to not only celebrate this historic vote, but recognize how important it was with communities that have suffered for many years, but to

take that and share it with all the other communities of san francisco. we could be a jeremy lin. to be able to lead an open opportunities for african- americans and gays and lesbians to work with labor as strong as other mayors have and to make sure there are linked with the big decisions, to unite the city in the wake -- in a way, as you take the significance of this appointment at election, we could be leaders as well. a lot of asians use to shy away from politics, as you know. we used to -- generations before us, our parents said to not go into politics. on your own business. be a financial person.

the lawyer. you went to moscow. be a lawyer, make money. those were safe things. -- you went to law school. to make sure we can be -- as american as anybody else. shore leadership skills and values and share those values that are looked upon as strong. looking out for everybody. making sure that society is safe for everyone and looking at the whole family, as a whole for everybody. our values that i am lucky to share as the first asian american mayor of san francisco. >> we will give you the last word. >> sometimes people ask me, if being mayor as the first asian- american or the first woman more difficult? i would say the asian american

community has come into its own. we have a few glass ceilings to break. i am proud of that. that is where the chinese exclusion act and all the anti- chinese legislation started nationally and historically. my family and i helped found the society. we have a deep sense of history. to put it in more human terms, the other day, my staff and i were going somewhere and a group of young students stopped by, black and asian. typical downtown oakland and i stopped to take pictures. i said when i grew up i never saw anybody asian on tv who was not a waiter or had a thick accent. i understand what the symbolism is for hope for young asian americans. in my city because we're so divorce, anybody can become

mayor. just as president obama's election was so important for a generation of kids of all colors, breaking the barriers. probably what has been surprising, i did not know as much for ed. when i was elected, i got emails from shanghai and china. recently one of the members of the consulate staff said you are known by more chinese than by more americans. we're in such an intern global economy with the media and internet at the time as we mean personally internationally probably maybe a role we have not totally on folded. i feel we need to market the california brand in a shut more effectively. we need to do that more collectively.

that is an important market for the port of oakland. that is a huge part of our future economy. we play some personal role, oakland and san francisco are the usual stopping places for chinese investors and asian politicians. we play an important role in building that future global economy. that is something i will continue the focus on. not just selling open lines -- wines. representing the state and the economy with the port of oakland being the only port that exports more than we import, we need to build on to that. it helps the region. >> thank you. thank you to both of you. best of luck in the coming year. [applause] >> let's have a huge round of

applause for our great mares. thank you for great job of monitoring -- moderating. i want to thank our sponsors and your partner, city national bank, golden gate university, a kaiser permanente a-- kaiser permanente. we wish you great success individually and collectively. we hope you have great prosperity in 2012. we will see you next year in san francisco.

gentlemen, the