had not enjoy any kind of a parade in many years. when it is not the farmers markets, it is more dedicated to vehicular access. in addition to that, it does not extend and meat coming out to the bayfront, creating a behind area, behind the fplp, bart transition structure. some way to extend that and make a promenade connection has been suggested and has received quite a bit of support in all of our stake holder meetings, to enhance a portion of this area. it could be used for accessing a mixed use space in the center for the kind of service activities that are needed to be existing while maintaining a

perimeter access next to golden gate, fplp, ferry building, along the bay that would be for pedestrian purposes. then on weekend days, certainly, both the east ferry plaza promenade, and south promenade, would become significant connections that would enhance. these sections are small, but in your materials, it shows settings aside for portions of the edges for public access purposes. some quick sketches for the possibilities of this promenade, the kinds of used to treasure island, your bobwhite island, bringing people to this portion of the ferry plaza. and again, looking to the south, the bay bridge, the opportunity that are created for

sitting, of viewing, interpreted information, for the ferry terminal expansion. lastly, as we create this additional space that we need for circulation and for emergency response, we also have the opportunity on other occasions to use it for a variety of formal and informal functions, even for a potential expansion of the farmers' market. all of those are still under consideration. also, there are opportunities for creating a more pleasant environment and a more civic- kind of space without losing any of the flexibility for both the functional requirements of very access -- ferry access, and emergency response, as well as other activities. in the end, all of this can become a stepping stone towards future renovation of the

agriculture building and the interconnection of that with the rest of the area. thank you. >> thank you. >> i will be glad to answer question now or take comments. >> thank you. is there any public comment on this item? commissioners? >> this is for dan. you have a little bit about project funding in the staff report. how much of it is on the staff and how much is on weta? >> the funding would be a combination. weta is looking at a couple of different sources to the fund.

i do not know the specific details. the portion they would be responsible for our one related to the functioning of an expanded down down very terminal. where they needed for access, passenger access to the facilities, where they need it for emergency queuing, that type of purchase, and also for construction of the those are things that easily fit into funding. the later part of the presentation which showed public access improvements that were beyond the functional requirements of the ferry terminal, we would be looking to other sources of funding. 2005, the port was successful and getting prop k funds to serve the downtown vera terminal. that is one possible source. we would be looking at other options.

>> any other questions or comments? >> short comment on the design. personally, i appreciate option 3, with some landscaping added in, just bearing in mind the different uses. it changes from day to day, so just maybe something for everyone. that looks at the option that combines everything. there was reference to the bard transition area. what exactly is that? >> bart facilities have a structure in the back that are used to service brt > . but may also have made bids and security concerns about that. and associated agreements.

>> thank you. the next step is you will come back in 2012? [laughter] this is an important part of the project as we define what is being evaluated in the barn of the document and we continue to do public up reach into the design concepts to give it adequate time. we will be back from time to time with informational presentations and then leading up to more policy points for the commission to weigh-in, and updating on the funding. the project will also be constructed in phases. phases are related to which ferry facilities are needed and what time. we will be back with more information as we work with weta to meet those demands. >> thank you very much.

>> one more question. when do you expect the environmental impact report to be do? >> the process has just begun. the draft is out at the end of the year, i believe. the final to be certified -- fall of next year. it is an eir and eis. >> if work were to begin, one question i would have is, what with the impact in terms of canada and the america's cup? -- scheduling the america's cup? would that be calculated in the phasing of the work? >> the first phase of construction would begin in 2014, although that is not a hard date. >> any other questions or comments? thank you, dan. >> item nine b -- 9b.

informational presentation on the lease and development of seawall lot 337 and pier 48 bounded by china basin channel, third street, mission rock street, and san francisco bay. >> good afternoon, madam president, commissioners. port project manager for the sea wall lot 337 development project coming here and provide an update on our project to move from years ago rfq/rfp process to a recently approved exclusive negotiation agreement to meet the benchmark requirements as outlined in the agreement. last september, the port entered into a mixed use development agreement with the 16-acre site, steve a lot 337, immediately south of the at&t park on third

street at mission rock street. it is currently used as service parking. the site for this project also a includespier 48, immediately to the east. pursuant to the rfq/rfp process, the ports elected seawall lot 337 associates and executed last september. that entity is today represented by jack bayer of the san francisco giants and for the director for the cordish cos. with us today is also john north, representing a consultant to the development team. since executing, we have been working with our partners to further define the development concept. multiple conceptual site plans and generations have been reviewed as part of that

process to show a flexible mix of uses that can support a feasible economic structure. our efforts so far are geared toward delivering a successful project which provides efficient returns to justify the private investment we anticipate. that responds to the economic needs of the port, meets public objectives of this city and residents, and it fills the communities land use and design objectives. this project differs from most of our other projects with the exception of pier 70, given its scale. that is a very large site. 16 acres on the sea wall lot side alone. it is one of our larger and opportunities. the developer is proceeding in this uncertain economic period that poses an extraordinary risks due to unknown market conditions and financial situations. they are starting to clarify, i think we're starting to see in the marketplace, but there are

just some unknowns ahead of us as far as where the economy will be going for that six months, if not several years. based on these facts, port staff constructed turn to provide flexible opportunity to reduce the developer's upfront investment requirements, allowing them to proceed with site due diligence, which i will expand on in a moment, and to provide a flexible benchmark structure that addresses the need for a master plan community. at this time, i would like to invite jack bayer to step forward to the podium to elaborate on some of our recent accomplishments and anticipated end of the hurdles ahead of us. >> thank you, phil. thank you, members of the port commission. the last time i was speaking before the port commission, you were not here, so will come aboard. i want to review where we have

been for your benefit and for members of the audience that are not as familiar with this project. i will then talk about the values we have in our design program, the process, and what the outlook is for going forward. i would also like to mention that karen is here today, she is our principal designer on the project. i am sure she is well known to most of you. for reference, this is a recent snapshot of mission bay in 2010. as you can see, in the northeast corner of mission bay is a sea wall lot 337 and appear 70. -- pier 70. this becomes the one side really in play for mission bay in the future and creates great opportunities for us, and that

is why we're interested in proceeding. the project design is on the screen in front of you. it is the product of the rfq/rfp process. many meetings with park staff, commission, dozens of public meetings with different advisor groups, workshops. it contains a land use program that we are revising right now and a bunch of values expressed in the design. i wanted to review that. our land use plan, reflected in the site plan, had 1 million square feet of office, 875 residential units, 250,000 square feet of retail, 180,000 square feet of the bed and exposition -- open an exhibition space, approximately 600 parking spaces as well. in terms of the values that we

took from the public meetings and workshops and have expressed in this design -- i just wanted to remind everyone of what they are and how important they are to us. first, open space configuration. we thought it was important to maximize the open space along the water's edge. we proposed closing one boulevard to maximize space for our waterfront park. we want to activate the park with cafes and other activities so that it is vibrant, welcoming to families and tourists alike. it is also capable of large public assembly and events. it has access to the water for recreation. this is a snapshot of the conception of the water's edge to make it interactive. you can see kayaks and the

ability to get down to the water. we also conceive of an open space in the interior of the project. we wanted each of the buildings to be enhanced by a water view or part of view. if you look at the site plan, all of the buildings are facing the water or a park. we think that will enhance the environment and make the bi buildings more valuable. this is the mission rock park, interior open space. it is meant to capture parks -- if you are familiar with bryant park in new york, madison square park -- other urban parks surrounded by large buildings that create a sense of intimacy and a breakdown the mass of the buildings surrounding them. we also can see the linkages from the open spaces. one of them is what we would call the ramblas, like in

barcelona, which is much larger, but a thoroughfare which connects open spaces where there are shops, retail opportunities, where people can hang out and enjoy themselves. certainly before and after games. in addition to the open space, we wanted a more refined street in mission rock. we wanted to break that mold and have a finer streets that were pedestrian oriented and buildings that were not all the same size, hite, and bulk, to create a more interesting form. that was a message that we heard from the community throughout the workshops. we also wanted to relocate a major parking resource on the south side of the site to support mission day and to eliminate parking at the other

buildings. of course, interaction with the ballpark. if you have 2000 cars on a parking structure at the southern part of the site, and those folks will walk through the project commentate advantage of different opportunities and open space opportunities along the way to and from the game. as a result, they will reduce traffic congestion before and after because people will leave over a broader spectrum of time. we also want to integrate public transit into the site. we have an entrance to the site from the existing muni stop along third street. we're also proposing bringing the historic streetcar line through so that it feels like a continuation of the waterfront experience we have in front of the ferry building. we also want to upgrade pier 48 and make it a vital part of the project and create an asset for the city. we think there is a great market

for regional trade shows and other exhibitions, and pier 48 can meet that market need. of course, we want to sustain a lot of other values here, including financial return for the project sponsor and the port's financial goals for the project. as bill indicated, we entered into our ena in 2010. we are in the midst of the first of two phases. the first concludes with the product design and term sheet by the port commission and board of supervisors. the second phase involves the eir, ground lease, and regulatory approvals that go with a project of this sort. right now, we find ourselves in the midst of the first phase of the project. we have completed the operating agreement for the project sponsor. we have said it submitted revisions to the support,

looking at how site changes and different uses and skills of those uses. we have also submitted our public-relations plan that has also been removed -- approved. now we find ourselves on the press of this of our next sub middle, september of next year. -- submittal, september of this year. cost analysis for construction. we are working on our comprehensive master plan for the site. the building heights and mass. parking and transportation plan. of course, revised financial plan that we will submit to the port which will form the basis of our negotiation of the term sheet. so there is a very of activity going on than we will proceed all throughout the summer. come september 15, the public process gets we engaged, not that we will ignore the public until then. we will be meeting with stakeholders and getting people's opinion as we move forward, but the public

unveiling of the design will be with the port commission, as we submitted in september. in terms of the areas we are looking at -- first, we want to maintain and build upon the values that formed a basis of our original project design. we think that it was well received and has a lot of attributes that we want to carry forward. we are, however, looking at a project with a new lens, to some degree. it is a new world, more constrained financing, different project component need to be bankable, need to be built in pieces that the financial market can embrace. for example, when we are building on this side, we need to know each building can be absorbed by tenants and build, so that there is less risk involved with the project. we have to have realistic pricing assumptions, and we have

to basically be grounded. and we will work on all of this with support staff as we all understand what the assumptions are, and as we are going forward, what market conditions appear to be. we are also looking at the different uses, as i referred to earlier, we had a certain mix in our submittal,. we want to be flexible and respond to market demand. we have done analysis of what impact on the design -- for example, having 1.3 million square feet of office, were 1.7. how does that change the design and expressed about is that we had before but keep them current? there is an interest in corporate campuses. that could take different forms. so we are exploring all of those. we are also looking at where best to locate residential properties. our inclination at this point is

along the northern part of the site, sloping down to the major park. that could be the best location for residential components. with respect to retail, we do not want to overbuild. we want to build at the right level so that we do not have empty storefronts on the ground floor. those are important in terms of the pedestrian experience, the vibrancy of the project. given the proximity to the ballpark, given the fact that mission bay is generally underserved by retail, we think this project has a great opportunity. but we have to have an interesting mix that is neighborhood and visitor serving, ahas local character and. some of those areas are along the northern part edge, which would give it more exposure to the proximity of the ballpark and along some of the linkages that exist between the two parks themselves. we have been working quite hard also on how to design the

parking structures and how it interfaces with the streets grid, public-service build the proposed for the block across mission rock street. our mantra throughout all of this is to come up with a flexible approach. if we target 1.3 million square feet of office, that we can pick it, if the market for residential seems to be more promising. we may submit a design in september, but it is a design that we then could alter, as market conditions change. mission bay is building out, sales force acquired a number of those parcels at pier 70. it is off and running. there is an uptick in interest in this site and is part of town, in general. we are involved with interacting with potential tenants and are

it excited that things are turning around but are still cautious about this challenging environment. so our objective is to meet the deadlines and exceed them. we will be back in front of you into timber with lots of new work -- september with lots of new work, hopefully to reach a new term sheet agreement. we are hopeful to meet the ena deadline by next september to have a complete term sheet endorsement, and we are hoping to be able to get to that by the beginning of next year so that we can move this project more rapidly thanthe ena guidelines suggest. i am up here to answer questions. we are excited about moving forward. you will see a lot of activity coming in many ways, the next tranche of time is the most important on the project. a lot of things get done and exposed to the public, reactions from the public, formal

reactions. >> thank you. we do have public comment. dennis mackenzie. >> thank you, commissioners. welcome to the commission, commissioner crowley. i teach in the public high schools. i would like to read a brief summary of the proposal i share with you for a number of years as well as many local politicians and corporate agencies, and for those watching on tv, my proposal can be seen on my website,

roundthediamond.com. i want propose a public partnership to create positive education reform initiatives that are essential for the independent health and well- being for san francisco citizens and communities, including our high school and college-aged students. to summarize my proposals, i am expressing an interdisciplinary field of academy which i am proposing foreseeable law 337 -- for seawall lot 337. i am also including a sports management career path with academy. this project is one of seven major developments that will impact the entire city, including all san franciscans

now and in future generations. as an element of the america's cup project, i am proposing a marine science pathway academy to be included as a permanent year-round facility on the waterfront in collaboration with mr. larry ellison and team of investors. as these major projects and partnerships evolve and other developments in the future, i request the port of san francisco take a leadership role in order to gain support from all the parties involved from the creation of a public service leadership academy located at the port of santhis facility can introduction for our high- school students for the real working world cooperation required between public and private partner entities to

complete entitlement and review processes successfully. these field study academies will offer students and future leaders practical experiences that can assist them in understanding the classroom studies as critical to meeting their college and career goals and how successful businesses and resources are built through shared vision and cooperation and provide healthy, constructive and creative jobs, families and communities. thank you for your time. >> thank you. >> good afternoon, commissioners. i hope you are doing well and enjoying this a beautiful weather. i am a resident of mission bay. i have some understanding of

this project. i just have a couple of comments. this one is to jack in a certain sense. we do not have to look at bryant park in new york as far as what you are after was that park, the internal park. yerba buena gardens and at union square are beautiful examples of open space surrounded by large buildings. we do not have to trot out to new york to get our ideas. i think that concept you have a trying to organize the buildings so they either face the water or face the park would be a great attribute for both the offices and residences. again, learning from mission bay, the idea of breaking the buildings into different shapes