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tv   [untitled]    October 6, 2011 11:30am-12:00pm PDT

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that work. again, in addition to the technology companies and some of the blue-collar companies that are moving in, we also have -- just this july, we introduced an announced china synergy in our inner solar solar conference -- we announced they are moving in, a major chinese solar company firm decided to locate their north american headquarters here in san francisco. this marks the sixth china solar firm in san francisco to locate here. in addition to that, pfizer center moved in. they are occupying 11,000 square feet, but they have committed for the next five years to work with ucsf, the wonderful relationship we are establishing with them. they are committing up to $100 million in joint projects. that is pfizer. bayer health-care similarly.
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they are collaborating with ucsf and started opening 50,000 square feet. tiyoga energy announced their headquarters move from silicon valley to our financial district. then, you may have heard a few months ago, we opened a target at the new metric on. in may, i broke ground -- actually, i took a sledgehammer and hunched a hole into a wall because that is going to be a project that creates 1300 jobs in our city, generating $4.4 million annually to our local economy while bringing in not just target but 20 new businesses in that center. of course, you may have heard that we open up the second fresh and easy store in bayview. that started and open up just at the end of last month, and it is
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their second store. first one was in richmond, and these two stores will serve their communities, but the nice thing about -- in addition to their healthy food that they are serving -- they are doing the right thing by hiring locally. the fresh and easy store in bayview -- 72% of their employees are san francisco residents. that is a wonderful contribution to our city. also want to thank china sf. that was something rapid ga -- that favin new -- that gavin newsom created. i want to thank him because he started many of these programs that i get to help out with. this was one of those because it helps us have a direction and a presence in the developing country of china and make sure that our offices in shanghai and
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beijing were successful in recruiting not only the seven solar companies -- the five solar companies that are here in san francisco from china, but they are part of some 13 companies that have already located here of different industries from china. it really makes sense that we recruit. at the same time, while locating tiny companies here to open their markets and least our office space and create their out -- and growth, we are introducing u.s. companies to china in the very same fashion. we will be announcing a trip shortly, hopefully by the end of this year to bring over a number of great san francisco headquartered companies to make sure that they need their counterparts in china. of course, tourism continues to be our very big number one, but a lot of the other industries are closing very fast, for very
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good reason. still, $8 billion infusion every single year by our tourism industry makes our city very focused on this industry. just this past week, last week, dream force was in town. 40,000 people registered for that convention over four days. they are growing so fast, we had to give them howard street. they are going to take over howard street yet again next year as they continue to grow, and guess what their economic impact was to the city for that four day conference. $43 million in four days. they busted out some 48,000 units of hotels during that time for their guests. you can see them all over the place. it was a wonderful contribution, and we are continuing to do that. that is also a reflection not only of the strong tourism convention that we have, but we are smartly investing in the upgrading of mosconi center.
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that is a $55 million decision we made about a year ago where smg visitors convention bureau, our travel agency working alongside with the newly formed tdi -- the tourism district investment that we have there, raising money to invest in upgrading of mosconi center, which had not been upgraded. now, it has new movable walls, new bathrooms with icons or pictures of all of our city to welcome in and make sure the experience continues to be positive. our tourism sector is set to grow also with america's cup. 34th america's cup beginning actually next year and culminating in 2013. the initial projections show that that event will bring in 5.5 million visitors along with over $1 billion of economic
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impact to our city. we will continue to make sure that america's cup is focused on organizing on four basic principles -- resourced efficiency, environmental sustainability, strategic adaptability, and a positive legacy that whenever we do has a longer term out, and benefit to our city. everything from the environment to transportation, to moving people around, to making sure even the way we pick up trash and the way people behave will be long lasting legacies for them. along the area of development projects, last year, working with the board of supervisors, we approved a development of over 5 million square feet of commercial space. 24,000 new units of housing. that, combined with all of these projects, will bring 14,000 permanent positions and 4700 annual construction jobs to san
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francisco. these economic impact our in addition to $650 million in public benefits that go towards affordable housing, street improvements, and transportation infrastructures. this unprecedented level of growth comes from just three projects -- treasure island, hunters point shipyard to candlestick point, and part merced. as you know, we are making sure that treasure island gets of redevelopment -- making sure that treasure island gets built, despite the obstacles in redevelopment. that means you will have 18,000 new homes, 300 acres of parks and open space, and the project will be built out in four phases, but it will end up supporting 10,000 new construction jobs. in the hunters point shipyard and candlestick, we got a great lift last week when hud and the
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neighborhood choice program came into town and announced significant in reflection of the way we have done this project, the $30.5 million grant to alice griffith. that was a wonderful shot in the arm and confirms again the vision that gavin newsom started and i get to help make sure gets done, every mayor since that time has made that commitment. we get to see it for like being carried out with the residents living on that site and working to transform their lives in a positive way, and of course, parker said. i think the first and we created increase density on the city. guess what -- over 55 new homes, 300,000 square feet of commercial space will be added,
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completely through private investment, and reflective of the faith we have in the 1500 rent-controlled apartments will be rebuilt with an unprecedented level of protection to ensure the rights of existing tenants. that project will prove to be a great project for our city, and at the end of the planning process, the western neighborhoods could see a significant capital transportation investment, including separating the air motion view from the 19th avenue and extending muni metro to daly city bar. that will be people using public transportation, making sure that we reduce vehicles. i know later on the my good colleague and director of the office of economic and workforce development will be speaking later on the program and will be explaining all the developments in our projects,
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but i do want to give you an update on a couple of other things. redevelopment, as you know, we are as a result of what the state did in eliminating, making the move to eliminate redevelopment, and then asking us -- if that was the right word -- to contribute. i think our contribution wind up being about $20 million to reinstate our local development. those two bills are being challenged in court, and the supreme court has indicated in their scheduling process that a resolution of the legality of those two bills will be decided by january of next year. so we have to hold on at this time. all the projects are kind of frozen until the decision has been made. prior to that, of course, you knew that we fought very hard to protect our redevelopment agency because we did it right in the city, and everybody in sacramento knows that. they know that we build
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affordable housing. we contributed to schools, to open space, and we created an environment for our investors to have faith that their projects and money and investments would be protected. we did it all right, and despite that, the governor and legislature had to do what they did and will be looking at that very closely and keeping tabs on it and making sure that we align ourselves with whatever the law ultimately will require of us. but we will keep some form of redevelopment to make sure that we are able and capable of using tax increment dollars for the future. we have done it right, and you see all of the development right here in mission bay as a result of using tax increment properly. i mentioned earlier that we have been paying very close attention and will continue to make sure central market is redeveloped, and we are revitalizing that. you have seen all the activities that we have.
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that is the result again of having a payroll tax exclusion, an economic strategy, working in partnership with a number of different financial institutions as well as different city departments, creating tax increment financing, making sure there is a multi-agency approach to a better market street initiative. that was recently awarded by caltrans to make sure we continue that effort of forming through the leadership a 15- member advisory committee to keep improving market street and consider those ideas to making sure transportation is moving smoothly as well as all of the other things that make great streets. the central market district loan fund -- $11.5 million to dedicate a small but a -- to dedicate to small businesses. that is why you see pearl's deluxe burger is that will open
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very shortly. i am missing a great hamburger on mid-market. also attracting new small businesses. huckleberry bicycle will be relocating there, and they are a receiver on our loan packages already. then, continuing to work with our whole our arena of arts groups and recruiting arts. whether it is burning man, the great arts foundation, arts in the store fronts, our arts commission -- everyone is working together to make sure that art is a great and producer of both businesses and foot traffic into that central market, and that is going very well. because already, as you may have heard when we unveiled the redoing of those old advertising prints on the brick buildings above the original joe's, we also announced that same day that while the original joe's as a restaurant will not
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come back there, new arts attendance will be in the very same site. piano fights these arts organizations are really helping us see us revitalize taylor street right intimate market. you also have a higher degree of safety. the substation will be completed by early winter and we will have a substation that will have patrols of officers to make sure. we are going to work with the community and supervisor kim to recreate the ambassador program there and make sure we have additional eyes and ears holon market to fifth to 11th, to make sure that people feel safe, particularly during the hours in which people work. these days, when you have tech companies there, they are working at 10:00, 11:00 at night.
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they are not really paying attention to anyone else. the programming of the arts. we will continue working on the un plaza. off the grid, the arts festival coming up at the end of the month into early october, on u.n. plaza, that will reflect our commitment to working closely with our program to revitalize middle-market. finally, as you know, can we said this at a time when we introduced the payroll tax exemption, that is just the beginning. i want to continue working with all the business groups in the city to make sure that we redo the tax system not lose the revenue that we have had but
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also not the job punishing. in order for us to continue this effort that we started, i want to make sure that you know that i am welcoming all the members of this body here, the chamber, to work with us for the next year, with the board of supervisors and redo our peril taxes and completely. we are giving our self the year. we want to get everyone's input. it will be very complicated. but again, what isn't complicated in san francisco? i want to get past nudity and get into the tax base. that will be the challenge. this is a summary of everything we are doing. i know gen will go into detail. i wanted to make sure that you know that as long as i am in room 200, i will be about job creation, about making sure that people's investment here has a return and that people have faith in the city.
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this is still a great city. walking together with senator feinstein to the white house, we had that talk about how great the city was, when she redid that investment in the cable car system, used the compassion of the the city to recover from low market death. we have the same challenge in front of us. i want to make sure that you know every day my commitment will be to make sure people's investments, whether it is families they create here, whether they bought a house that is more expensive than any part outside of new york, or whether you invested in a small business or medium-size business, or part of a larger investment, or you want to tap the great work of course we have here, we need to make good decisions in this city. we need to focus and concentration on economic stability. we need job growth and job creation. you have my 100% commitment to
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do this every day diamond office. thank you. [applause]
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