mr. trace porter, the executive sponsor and mr. jad hamel who are available for questions if needed. crane cove park will be a major new open space in the union iron works national historic district at pier 70. it includes a 7-acre park, new 19th street and georgia roadways, renovation of building 49 and 19th street parking lot. planning work started in 2010. design work in 2011. and construction in november of 2016. opening is anticipated for december of 2019. the overall budget is $36.7 million, $25.9 million is from the 2008 and to 12 clean and safe park bond. i will provide a status update on the overall project at the end of my statement. contract 2740, is the first of five construction contracts that will deliver the overall project. a budget of $5.66 million was established for the contract. all funded from the 2008 parks general obligation bond. and the purpose is to prepare the site of the former shipyard for the park. contract scope includes building demolition, site cleanup and demolition of miscellaneous structures, infill and embankment for the future 19th street, surcha