in contrast to that was midmarket. depending on how you draw the lines of the various sub markets come amid market usually gets thrown into the civic center or a van ness corridor sub market. clearly the hardest-hit sections of san francisco. historically, it was always very well-leased. it was buoyed by government, both federal government in city government and in large corporations. in the last several years, you have had a large move out from aaa of close to 400,000 square feet. a state, was triggered 50,000 square feet. bank of america has moved out of close to 1 million square feet. then you had the accidents of the west coast merchandise mart and market square, which was a million square feet. so this market really is a challenge right now. you think, why invest there? but we saw it as an opportunity to do something that was a little bit unique for us. we could put all of the resources of the shorenstein organization to work in one asset in our backyard and hopefully make a difference for the neighborhood. we als

that is an exciting part of our midmarket.e have seen a positive effect on the successes in central market already, with companies like twitter. as you know, they are staying in san francisco and leased up 200,000 square feet. this is the largest tech build of the year so far, and they plan to open in 2012. on what you think twitter and the shorensteins for doing this. $80 million in retrofitting the building. then twitter comes in. one decision,

you pay your payroll tax base, but if you move to midmarket and create jobs, we will not tax you on those jobs for six years. for the next six years, you are a community partner with us, partnering with us to revitalize neighborhood and then, if you are successful in six years, hopefully and the midmarket become successful, you come back into the tax system. i do not have an interest in expanding it. it was not about corporate welfare to companies. that was not the purpose. the purpose was to help revitalize the area and make it the use is supposed to be for large businesses that have an incredible number of jobs for santa insistence. with 18 muni bus lines that -- for san francisco. we have 18 muni bus lines that run through it. that is what this legislation was carefully tailored to have that type of outcome. i am happy to concede we should monitor the legislation and make sure it is doing what we wanted to do. >> talk about the role of sports and in the city's future. you have thoughts about the america's cup, the 49ers? supervisor kim: i am a fan of the forty-niners and are giants and

that is an exciting part of our midmarket. we have seen a positive effect on the successes in central market already, with companies like twitter. as you know, they are staying in san francisco and leased up 200,000 square feet. this is the largest tech build of the year so far, and they plan to open in 2012. on what you think twitter and the shorensteins for doing this. $80 million in retrofitting the building. then twitter comes in. one decision, $95 million immediate infusion into our economy right there at ninth and market. i just opened the offices of zen desk, the online help desk. they actually have a cubicle for me with my picture and my wife's picture. they promised that cubicle will be ready if something happens i do not expect on voting day. [laughter] they will grow from 80 to 150 employees right there as central market. i also want to say that these tech companies are not really big job-creators. i have to say, certainly, as you know already with the contributions to our wonderful city and with the owner of zen de

the payroll tax exclusion incentivizes companies to both invest in midmarket and create jobs. want to recognize supervisor kim