joe has funded the start-ups of dozens of companies that are household names for us and cut his teen in the nba as minority owner with the boston celtics and won the championship there. peter, hollywood icon has earned 50 academy nominations and made movies like color purple." rain marn," "batman," ohio $3 million in gate receipts for his movies. i metnese guys a year ago when they looked for a president of warriors and i never heard them use the word "good in our conversation. i only heard them use the word "great." and we have really set out to build a world-class organization.

i can tell you now what has happened. i think jerry west is responsible as a great player and architect of all the los angeles lakers' championship teams and a member of our executive board involved in every player-personnel decision that the warriors make it. we purchased a dame last week that played in bismarck, north dakota and this december that team will began play in santa clara was the santa clara warriors in the new arena that we're constructing in santa clara. we hired mark jackson as the coach. but this is not about waiting five years for a great new arena to become a great franchise. we are heavily investing in both the team and the fan #kg:íw experience now. this summer there has been more

investment about $11 million in oracle arena than there has been any other time since the major renovation in 1999. and one thing i would probably not expect you to recognize on that slide is a 7' center, which usually doesn't go along with the warriors. andru gagot, one the top centers in the nba will begin play for the warriors in about a month from now. part of the fan experience is in the arena, warriors fans as you know have been incredibly supportive, but also very patient. . we looked throughout the bay area and we really do believe we found the perfect place to be the home of the golden state warriors going forward, thanks

to mayor lee's support and . encouragement. on may 22nd, we made an announcement. this is also a queue for the video and a good time if you have to get out, that would be now. we intend to build the most spectacular arena in the country that all bay areas, not just san franciscos, but all bay area residents can be proud. today sets the stage for the warriors to see another year. we promise it's going to reflect creative, diversity and technologically savvy of the bay area. one mission today, a world-class venue. a beacon for the warriors.

[ music ] [ music ] we're all in. i hope to sigh at the ribbon-cuting in 2017 with a smile from a journey well-done. we watch that every morning to get your juices flowing.

[ laughter ] san francisco deserves it. how crazy is that san francisco -- there is no city in america half the size of san francisco that does not offer world-class, multi-purpose arena and san francisco has never had it, with all due respect to the cal pals. [ laughter ] we are prepared to spend over $100 million to renovate that pier, those piers, which are now crumbling into the bay and whose primary purpose is to serve as a parking lot. this project is going to reclaim this part of the city as a wonderful public asset for all citizens to enjoy. that is a 13-acre site. so imagine as part of this project over four acres of new public space that will be incorporated into the design. and appropriate for transit for a city like san francisco, this location is tremendously

located for all public transportation, whether coming from the bay bridge, the red line there is bart. the purple line is muni. you see caltrain, as well as the location of the future transbay terminal. we don't have the transportation plan yet. peter albert and the city are conducting a major study not only our project, but the transit-friendly atmosphere. our preliminarily parking study shows within a 20 minute walk of the site there are 23,000 parking spaces to put that into perspective for you on a soldout warriors game in oakland the most cars that we park is 5,000. so that is the puzzle that we will solve through this process in making sure transportation works. now before choosing this site, we commissioned some

significant research to learn how people would feel about the project. you can see the results of that here. here is what we learned. when we told people what the project was, how it would be funded, and where it would be located. this was what we learned. it's very interesting. you can see on the san francisco side of the bay, with that description and information in hand, 80% of the people support the idea of this project. i think more surprising, perhaps, is the east bay numbers. were given the same information, just about two-thirds of people were enthusiastic in their support of the project. and maybe the thing that is most important to take away, that i haven't mentioned is this is a 100% private financed. no tax increases. no money from the general fund. [ applause ] benefits will be many. jobs obviously through the

construction process, but also hundreds of permanent, well-paying new jobs. san francisco will finally have a world-class multi-purpose venue for music, artists who cannot today play in san francisco, for business and cultural event to fill a void in joe's portfolio of convention and other business coming to the city. family shows and for us, most importantly a new home back in san francisco, where the warriors started. certainly will contribute to economic growth, new tax revenue, and create a publicly accessible waterfront attraction that does not exist today. we passed a big milestone in naming our architectural team and we choose two firms that are going to be responsible for the design of this project. san francisco's acom, bill crocket is with us today. they are the most experienced arena architectural firm in the core and have been .yn

30 projects over the decade and bill personally involved with those and with the oslo-based snow heada, the lead architect, who is a american, they are the ones who have designed the moma expansion and also for us a very important consideration was most of their high-profile projects are in dense, urban areas built on the water. you one you see there is the home of the opera and the ballet in oslo. the port is represented here today has also appointed a citizens' advisory committee, a cac to advise the board of supervisors on this project.

not quite sure how that slide got in there. [ laughter ] although i can understand an agitated mark jackson might resemble the earlier cac meetings. [ laughter ] there we go. katie is in that. this was the actual citizens' advisory committee. this committee is having an expedited series of meeting and will be active through the project to advise the board of supervisors on how to make the project work the way it needs to work for san francisco. so that is it. we soon will have site plans and early design to share that i think is going to reflect what you saw in the video, that promise of a project that is worthy of the city of san francisco, and this iconic site. so with that, i would like to thank mary felicia

brown, eric young, the entire business times staff and making us part of this event. we're very, very excited to be adding another piece,' beautiful piece to the city's heritage. thank you. [ applause ] >> thank you, rick. that was very, very exciting and appreciate you sharing that with us. let's have a huge round of applause for all of our speakers. [ applause ] so many great things to be excited about in our future. i want to thank all of you and i will thank all of our sponsors again, shepherd mullen, dig engineers hathaway, smith group, jjr. and i hope that you all have a wonderful day. and next year, think of the

exciting stories that we'll have to tell at structure san francisco. thanks again to our great speakers and go out and have a great day. thank you. [ applause ]

x it's my privilege to welcome and thank you, mayor lee, deputy director with the governor's office of economic office, lewis stewart, gale maderas, qb3's regkelly and esteemed colleagues of the city and dr. andres bush and the drug discovery leadership and our employees for joining us on

this exciting occasion, the next step of expanding the innovation in mission bay. today is notust about the launch coelaborate , but thanks to mission bay's reputation as the hub, the area has become one of the most dynamic clusters of scientific innovation as witnessed by pfizer and the continued expansion of nektar and growing start-up companies that number over 30 many mission bay alone complimented by ucsf and three new hospitals here in mission bay. we're thrilled as of today mission bay can add the colaborator to its growing in

the area and for bayer this is another step in the company's greatest history of leadership and development and our partnering of life science firms. today we'll start the clock on what we'll hope will be a longlar of collaboration between bay area and the most innovative companies in the area. before we introduce the first companies to occupy the area -- -- >> thank you, terry. i guess as everybody knows here, bayer has next year a history of 150 years' of successful r&d. i can assure everybody things have changed how we do r&d over the past 150 years, some things

remain the same, which is you need great people talking to each other, networking and when we took a little while ago the decision to move here, it was for very simple reason. we understood that director kelly was not willing to move the whole qb3 do richmond. [ laughter ] as a consequence we wanted to have our scientists in the midst of wonderful, very inspiring campus. however, we never really gave up on the idea of getting creative young people, young start-ups to us. and this is now happening today. establishing the collaborator will mean that we'll attract young companies working together with us on a great campus, getting inspired with great networks and helping us with the purpose of all of our doings, which is identifying

breakthrough innovation for the patients which need it the most. i am extremely excited and i hope that everybody understands how important this step is for us. everybody sees that my entire management team is here, everybody understands that we have the unbelievable honor of having mayor ed lee here today, who also wants to speak to us on this event. i think we should all be proud of what we have accomplished, establishing our own group here. what we want to accomplish, establishing the collaborator. i really hope that at the end, the big benefit will go to our patient. thank you very much. i'm very happy that mayor ed lee is here and speaks to us. thank you. >> thank you, andy. welcome everybody. you know, i still marvel, terry, and andy, at just less than ten years ago i was at dpw

and we were signing off and getting rid of my mission bay driving range. signing off on getting rid of the railroads and turning this over to what was visualized by mayor brown and then gavin newsom later as the place that we're going to really create life sciences and now today, just seeing what with bay area is doing and the innovations that they have at really putting in the meat of why we all our city the innovation capital of the world. it's not your bay area and pfizer working alone, but they are literally using their drugs and their development of drugs to really incentivize the therapeutic uses and just like with the other tech companies, this is a very successful model that is happening between big

and small, established and new. the collaboration that is going to go on here, i'm excited about this. it will especially with the two companies that you are naming today and i have to admit, terry, that when i heard prolynx was here, i thought you have finally gotten a replacement for the driving range -- you have to be a golfer to understand that. [ laughter ]. and aronora, these are very important discoveries and therapeutic uses of medin that medicine that will advance our world and 38 of them here in mission bay on a vision that i inherited, but so glad to come to

fruition. these great incubators will provide information for future generations. i know. it it's right here happening in san francisco and at the same time, while we visualize the kind of push-button to some of these solutions, you have got to see how the laboratory discoveries and the very high-levels of disciplines that are happening in these laboratories. and in the constant conversation between these different disciplines that are going on. ends up to be these great discoveries of it's exciting. it's our future. it's what we had envisioned when gavin said regenerative medicine right here in our bay, the stem-cell research going on and the association with uc san francisco that is part of your work that is happening right here. so i don't mind if i come down here every week to find out what the newest

discovery is. it's amazing for the city and always places us on the map. i get to talk about this whether i'm at the u.s. conference of mayors or the democratic national convention, everybody is interested in what san francisco is doing from music to art to life sciences and clearly showing the way for our new ventures that offer even the best jobs to be created right here in san francisco. so thank you, bayer. thank you for being part of this wonderful, wonderful mix. it's my appreciate ion for you to be here and continue to support you here and how much this has become very much a part of our city. thank you very much. [ applause ] >> mayor lee, friends and

colleagues and neighbors, and partners and people who are interested in partnering with us with bayer, today is a great day. today is a day that when an idea comes relative and concrete. you can feel it and touch it and the idea goes back to terry and chris. and i'm very happy to be a part of it today. as you know, bayer is really committed to innovation and knowing the intricacies of science ever growing and becoming more complicated. it's pretty clear that we must reach out and compliment our internal research strengths with partners, partners from academia and tech and collaborations with academia part of our research. it's not just an incubator model, but collaboration with mutual fit of interests.

we help each other really for the benefit of the patients, which is really our ultimate goal to bring treatment to the impairments. the collaborator is one of the newest models that we pursue. it's an addition to our partnering models which cover actually pretty wide spans. another example i want to give you is our grants for targets initiative, where we use the internet, really to reach out into the whole crowd of scientists, worldwide, and the collaborator is our newest addition. we do have other forms of collaboration beyond of course the collaborator and the grants for targets initiative. for example, the imi initiative in europe actually goes beyond the collaboration of individual companies forming consortia of academia and large companies where the individual partner is just too small. but focusing on this area of

course, the san francisco area and mayor lee already alluded to that is a hotspot and it's extremely important. we have been here for a long time and our activities here with just four projects with ucsf last year with our partnerships are testament to that commitment to this area. and again, the collaborator is just testament to our commitment to bring treatments to the patients and we use any kind of model that fits that purpose and makes us more productive in that endeavor. thank you. chris, please. [ applause ] >> thank you. so we have heard from my colleagues that collaboration and innovation are real priorities for bayer's

research and development and using these values that are important for us. the collaborator is just an incubator, but we're trying to put a new twist on this with the landlord-tenant relationship and there really no better place to do this and to be part of the growing bioecosystem it than here in mission bay of the whole point of this is to have tenant companies, start-up companies that want to partner with bayer with proximity to our research groups in this building and in addition, can access the global expertise of bayer scientist, as well as the infrastructure that bayer brings and dr. bush mentioned that we have had for 150 years. we are also looking to put companis in the collaborator that are not necessarily partners yet, but again, what better way to find proper probings to work on than having scientists in the same building interacting with each other? as we'll open up the space for

tours the collaborator is an open-floor space that encourages interact between the start-up companies in the space. but more importantly what it brings to mission bay is the ability to interact with the 30 other start-ups here, with ucsf, and their core facilities and with incredible organizations like gladstone and qb3. really if you think about it, there probably isn't a better place in the world for a start-up company to become successful than here in mission bay. what you see here in front of me is the collaborator roster. and this will house the logos of the start-up companies that will be the first to utilize the space. i will invite them up in a minute. aronora is developing drugs that hold the promise to prevent the growth of blood clots without some of the

thrombotic side effects of bleeding. prolynx is manufacturing custom drivers - no, they are not. [ laughter ] >> exactly. statement sorry, i'm putting you in a hole now. you have to develop that as a side project. prolynx is developing technology that get as round many of the problems with conjugated drugs and develop technology for the sustained release of drugs that you can control circulating levels and it's tuneable. so can you optimize it for each project. so with that, i would actually like to invite up aronora and prolynx. [ applause ]

>> you have heard mention from some of my colleagues -- one second -- that time is of the essence and that we are in a race to deliver the therapies

to the patients and we have a clock that reminds us that we're us on the clock and time is of the essence. i would like to invite the other four speakers up to help me start the clock, that will be a reminder of what i mentioned. 3, 2, 1 ! >> is it working? >> yes, it is. [ laughter ] >> it is working. trust me, it's working. trust me, it's working. [ laughter ] so in a few minutes we'll be opening up the doors to the building