family operations, small company, and i heard the question asked why does the city need to act now? if we had not noticed, the economy is not so great right now, so i thought maybe this might be about something more important, a thing called jobs. i am disappointed reading to the budget analyst reports that the characterized the contribution from the maritime industry as being relatively small. what is not included in the report is the total number of workers in san francisco bay. for every boat, there are -- there are 20,000 votes on san francisco bay. after confirming with the maritime industry, they believe the size of a 33 foot boat -- we're not talking about mega yachts. there has been a tremendous amount of deferred maintenance.

those spots will be improved with an event like this. the estimates are something on the order of $2,500 per year spent on that 33-foot boat over the next three years. we are talking about $7,500.20000 boats, which is $150 million, which is -- we are talking about $75,000 and 2000 votes, which is $150 million. we are talking about skilled craftsmen earning a living wage. we are not talking about wealthy individuals being given unemployment. i think it is very important that this be kept in mind. somebody mentioned the fact that this is a bit of an annuity. you win the america's cup and get the chance to win again. please push this forward. supervisor mirkarimi: well said.

next speaker, please. afterwards, i am going to call some more names. dennis mckinsey, peter s oenberg, ken neil, simon snellgrove, andrew waters. >> i am the vice chair of the southern waterfront advisor committee. that is the past 10 years. so the maxwell was on the committee before becoming -- sophie maxwell was on the committee before becoming attendant supervisor. for the past three years, i have run three businesses in the bayview/hunters point area. i want to commend supervisor avalos and the rest of the board on the landmark legislation passed yesterday about local higher. i think it is fantastic. virtually every member of our committee once the america's cup. we want to have the america's

cup here. the question is at what cost and with what benefits. i want to make three points on the america's cup deal as we now know it. since working in this building almost 25 years ago for mayor feinstein from 1980 to 1984, and as part attendant for the last 18 years, i have for put eight port directors and their staffs. the current port director and her staff are a dream team of which the city can be proud. that are extremely competent, and they are committed to the best interest of the court -- of the port and the city. this is the best team we can have to hold the key to the fire of the america's cup and to enforce whatever deal is structured. the court staff has been working hard with the mayor's office -- the port step has been working hard with the mayor's office. in the last week, in the mind of the people from our advisory

committee, this is taken a 180 degree turn. it is sailing with the wind behind it. but is this as good as it can get? i am hopeful that in the coming weeks this committee will make it even better. this leads me to my third and final point. supervisor mirkarimi: thank you, sir. >> which will save for another time. -- which i will say for another time. >> good afternoon. i am lowrie armstrong from the san francisco convention and visitors bureau. i am here to reinforce the fact that this type of opportunity in the bay -- i think you get that. unlike the world series and the super bowl, the america's cup will bring business for weeks, months, and years. like the olympics, it is a tremendous opportunity to benefit the people of san francisco by bringing a surge of

economic impact to the city's largest industry -- tourism. the couple bring millions of spectators plus thousands of -- the cup will bring millions of spectators plus thousands of competitors. every dollar is spent outside the hotel on retail, transportation, and so on. the america's cup will support jobs for people who live all over san francisco. the largest part of the hotel tax goes into the general fund. that support services for the entire city. -- that supports services for the entire city. people in every city neighborhood will benefit. this is a global media audience. this is not the best team in america. it is the best team in the world. international visitors stay twice as long as domestic visitors. that is more spending. when viewers across the world

watch the competition unfolding, they will make plans to visit four years to come. i encourage you to embrace all the opportunities the america's cup presents. thank you. [applause] >> i am dennis mackenzie. i have been an educator for most of my adult life. i have provided a number of proposals on sports and education to city officials. my proposal on my website, for the benefit of the public -- it is a letter supporting this effort to bring america's cup to the san francisco bay. obviously, in my field of work, i have taught high schools in san francisco for the past eight years. this is an incredible incentive for kids to be able to learn how to sail a boat, but also the high-tech innovations. as other people have mentioned,

this is an opportunity not just for this year or a few years. i would also like to suggest that maybe mr. ellison, if he has long term goals to win this caught several times, could work with the san francisco unified school district to create some kind of green science academy associated with the san francisco high school public schools, as well as the city. thank you very much. supervisor mirkarimi: thank you. next speaker, please. >> thank you for the opportunity to encourage this committee to lend its support to the america's cup hosted in san francisco. i am peter stoneburg, rear commodore of the yacht club and a member of the america's cup organizing committee. i have been to and seen the great improvements made to other america's cup venues like newport, rhode island, san

diego, california, valencia, and auckland, new zealand. we have an opportunity to host the oldest trophy in the sport, to bring the global recognition to our great city, and to bring over $1 billion in economic value and nearly 9000 jobs. we have heard that through the day. i would like to talk about time. time is of the fn -- is of the essence. teams are pushing very hard to learn what venue is going to be for the 34th cup. they need to know whether it will be raced in 25 knots or five knots. san francisco provides 25 knots. they need to know. the city also needs to know so we can start the ceqa process and begin building what we need to do it and deliver on our promises as a city. timing truly is of the essence. my profession is mergers and

acquisitions. i have worked with larry ellison before in my other life, and i know from firsthand experience that he will walk away from a deal if it getsre- traded -- if it gets re-traded or renegotiated at the end of the day. we trust that will not happen. we talked about the dream team of the port authority. this negotiating team also is a dream team. they have done a great job of negotiating. maybe they did not get the absolute best deals, but they have done a great job. i encourage you to move this forward quickly and approve this proposal. supervisor mirkarimi: thank you. after these next speakers, i am going to call up some more cards. tom rellea, jon heralds, niel ignoles, and george clyde. >> good afternoon, supervisors.

i am with pacific waterfront partners. we are a developer on the north sea. we have completed projects there, among others. i have been involved in this waterfront for about 40 years. i am here today to encourage you to accept these terms. we have been working in support of the port and the mayor's office of economic development to help attract the america's cup to this venue. i have to commend the mayor's economic development team for doing an amazing job of scrambling to get this together so quickly, and for the port, who has come up with some terrific contributions to this effort. it is a great team.

we have been private-public partners with them over the past 11 years. we think this is the big one. our mission is to reconnect the city with its waterfront. the america's cup represents probably the greatest opportunity to complete the development of the nebraska waterfront that we are ever going to get. -- of the north east waterfront that we're ever go to get. >> my name is andrew waters. i am representing future business prospects. i would like to participate in the america's cup. i want to qualify my statement for who i am and why you should tell you my opinion. i am from maryland. i am a dingy racer. i spent four years races -- racing in high school and have since developed a water taxi business. i have worked with boston

pedicab, which i convinced to branch out to san francisco. it is now golden gate pedicab. in the last six months, we have created 40 jobs. that was especially in front of the giants game. i want to do my part for the america's cup. we could launch it into something that could be used for the san francisco future. if i could have all of the money i could take, i would probably personally be able to create between 75 and 100 jobs in san francisco during america's cup. that might not factor into the analysis. basically, something that is important for the city to do -- we are transforming the waterfront. it is huge. i have sailed in maryland, florida, south california, the gulf, everywhere -- key west,

d.c., boston. i have seen the waterfront from the outside in the inside. this is the biggest opportunity any city has ever had. i am really looking forward to the potential of raising my kid in the america's cup environment. it is something i dreamed of as a kid. if it could be a reality for my son, that would be huge. this is a long-term investment that europe would take seriously. it is something we in america do not understand. sailing is a big part of the world. supervisor mirkarimi: thank you. >> my name is patrick markle. i am currently a tenant of pier 29. we are a nonprofit arts organization. we have been part of the bay area arts community. we are in our 11th year. part of our mission is education with master class is, summer camps, and circus schools for children and adults. we also offer internships. we employ over 50 full-time

employees and 25 to 30 part-time or seasonal employees. we have brought joy to 60,000 patrons from around the area and around the world. we are a business. we keep the spirit of the embarcadero and the porch. we support the bid to get the america's cup. very much so. with that said, we would also like to remain good tenants of the port that we have been so far. thank you. >> my name is george clyde. i am a member of the america's cup organizing committee. i have been involved in the negotiations that led to the agreement that was presented to the board of supervisors recently. i want to commend the staff of the mayor's office and the county, and the city and county of san francisco and the port commission. the have been extremely divergent in taking this

opportunity -- they have been extremely diligent in taking this opportunity. the staff of the port commission, the city attorney's office -- as an outsider, i am absolutely impressed with the quality and diligence of that group. on saturday, we had 12 people from the city working very hard to make this a reality. i also have been a rules adviser and lead attorney for three america's cup teams for the last 10 years, including two times where i spent months in auckland, as well as most recently in valencia. i have seen what has happened to the port areas with the development of an america's cup. it is an extraordinary event. it would be amazing to see in san francisco. we have not been through and america's cup. i know you have walked races on tv. the months of planning that goes through it -- it will be quite

an event from the time that you first see the 90 foot america's cup logo to the final races. even if the golden gate yacht club loses, you will have a venue here. you will have fully occupied tenants there. you will have port facilities that have been rehabilitated. time is of the essence. i am in intimate contact with my former colleagues. the teams need to know where this thing you is going to be. that puts immense pressure on ellis's groups now. supervisor mirkarimi: thank you. next speakers. >> i and the operations manager for two sailing companies here in san francisco. we are located on pier 40. we have seen an uptick in business already, just due to

the possibility of the cup being here. we have been fielding phone calls from around the world about what it would cost to torture a boat to be out on the day to see the races and our waterfront. i was talking to my boss. if this goes through and the board votes on it as a yes, we will start the conversations about purchasing a new vessel to grow our business and take care of the demand coming in. that will be an immediate four to five full-time jobs, probably in the world of 40 to 50 jobs while the cup is here. some of those will go away. but we will see a large increase on that. we have also seen an uptick in the interest of sailing on the beginner level. we have a sailing school. over the last year, we have talked about 300 new people how

to sail. -- we have talked about 300 new people how to sail. we will probably seek 500 or 600 people within new interest -- we will probably see 500 or 600 people with a new interest in our school. supervisor mirkarimi: we have exhausted our speaker cards. if anyone is interested from the public wants to speak, feel free to line up in the middle and come one after the other. >> my name is tom rilley. i have sailed with ted turner. i have sailed for a number of years. it is a huge thing for the city of san francisco to have this opportunity. i think it is great exposure for the city. i think it is a great job creator. i think it will benefit all of us. not just the sailing industry, but the whole industry.

it is an opportunity to update the port area. you guys are doing a great job of fiscal responsibility. you cannot put a price on the atmosphere that america's cup brings to the area. it is a dynamic, energetic atmosphere that will support the city and attract businesses and tourism. it is a result of the synergy of the beauty of the bay area, the dynamic business area, and the possibility coming from your foresight in supporting the cup to be here. i also want to say one more thing. the guys who race these boats are big kids. they get their way all the time. they are used to it that way. they do not acclimate to your ideas or your time frame. i would suggest that if you're going to do it, do it fast. do it reasonably and get the job done. thank you.

supervisor mirkarimi: thank you. next speaker, please. >> good afternoon, supervisors. my name is john harold. i have worked in san francisco for 20 years. i had an office in the ferry building before the remodel. i am a sailor and a volunteer with the bay area association of sailors. you have seen the studies and are familiar with the economics of america's cup. i am convinced that by hosting the cup san francisco will experience long-term benefits in infrastructure improvements, jobs, and ongoing revenues. i would look -- i would like to talk about another opportunity for san francisco. i can think of no other sport that is as successful to as many types of people as sailing. sailing does not discriminate on the basis of race, economic or social status, and is available to people with physical or

developmental disabilities. there are huge sailing programs in our area that serve kids. there is a mix of able-bodied volunteers and disabled sailors that allows people with limited or no abilities to use lakes and to experience the exhilaration of sailing on san francisco bay. guide dogs wearing life vests are also on board during many if not most live sailing events. american poet and abolitionist john which your wrote -- wittier wrote -- let us make it happen. let us use this lifetime opportunity to encourage all to enjoy the activity of sailing. we have an opportunity to host the world oldest trophy sport in our own city. i urge you to support the america's cup in san francisco. supervisor mirkarimi: next

speaker, please. >> i am a lifelong san francisco resident. i am here to support the host city agreement. i recently read in "the garden," and a fellow supervisor spoke to the two-threshold test for voting for the america's cup. is it is a good deal -- is it a good deal for san francisco? is it the best deal? the first threshold makes sense. i believe it is a good deal for san francisco. especially the northern waterfront option and the new protections guarantees suggested by supervisor chu. the second notion that this needs to be the best option seems misplaced. it is unknowable. as in poker, you have to put

your money in before you can see the other players' cards. the only way to know if you got the best deal possible is if mr. allison walked away from the deal. -- if mr. ellison walked away from the deal. secondly, other cities are ready. we should take this opportunity now with the deal we are presented. lastly, i think it is unrealistic to term the exchange of development rights along the bay as "giving them away." they are valuable development rights. they have not been utilized. people have avoided developing here because of the cost. this is an opportunity to develop the waterfront. i urge you to vote yes. thank you. supervisor mirkarimi: thank you.

this will be the last public comment, unless anybody else would like to do so. this is your last opportunity. >> good at afternoon, supervisors. ball the black with the san francisco chamber of commerce. -- good afternoon, supervisors. by black with the san francisco chamber of commerce -- bob black with the san francisco chamber of commerce. we have an opportunity to marry sports, technology, and media in a way they have never been married together before. we will see images, not just one blimp flying around in the park or the at&t stadium or whatever. we will see many blimps. we will see cameras on boats. we will see images broadcast around the world that will change people's perception of what san francisco and america is. that is something you cannot value in a spreadsheet that we

will present on economic analysis. think about how much it costs you to buy a one-minute ad on the super bowl. $1 million? maybe more? we will have months of ads internationally double the projected. that sort of benefit to san francisco's tourist economy, our experience economy, will be unprecedented. when you tie that into what oracle will be presenting on the technological side and the social media side, that will be how we market these games and people watch these games -- those are the other sweet spots for economic development in san francisco. this is about selling the city, selling an image and beauty of america around the world. you have the chance to make that happen here. the san francisco chamber urges you to move forward with the program and a project that the

city family has put together that has been unprecedented both in pace and in quality. thank you for your time. [applause] supervisor mirkarimi: if there is no other public comment, we will not close public comment. -- we will now close public comment. the matter now returns before the budget and finance committee. mr. chair, i would say that we return to several housekeeping needs. one is in the very beginning of this long but very instructive and constructive hearing. i would motion that we once again moved this -- a move to strike the entire further resolved clause at line 8, which would remove the option of the central waterfront. in that same amendment, these

would all have been passed some time ago. move to insert after the parent tentacle of page two line 22. -- move to insert after the parenthetical of page 2922. -- 2, line 22. chairperson avalos: without objection. supervisor mirkarimi: not an amendment, but a modification. we would signal to oewd and the port that on lead equivalent event management plan and the low-income youth involvement plan -- this is on the lighter side of things, but nonetheless very important to us with regard to having a more well-rounded discussion and expectation of the acoc and the agreement we finally solidified.

would you like to make any comments about that? if not, it is self-explanatory to us. >> we understand there is additional language you would like added into the host city agreement to address the leed standards, the sailing commitment, and the commitment to adding $32 million. supervisor mirkarimi: we do not need to do this as an amendment. it could be a condition. >> it is simply your construction -- your instruction to us to add that to the city agreement we bring back to you. supervisor mirkarimi: that is correct. chairperson avalos: it specifies low-income use from young people throughout the neighborhoods of san francisco. i think diversity is a key concern we have. supervisor mirkarimi: absolutely. i just want to say on the note -- anybody fearing the idea that

this may not become a reality -- i think this hearing was incredibly positive and useful. it helps align a multitude of city stakeholders, and stakeholders who are interested, no matter what the outcome is, as to why san francisco should or should not host the cup. a very strong case is being made that san francisco should secure the hosting rights to the america's cup. because of the time and has been spent, thanks to the mayor's office, oewd, and all the city family, and to members of the boards of supervisors, and to the community, and of course to the patients -- pacienctience exercised by the cup