[applause] >> mark buell is here today wearing two hats. one is the president of the committee organizing the america's cup, and the other as the president of the recreation and park commission. he is fond of saying that this america's cup will only be successful in all three legs of the three-legged stool are working together -- the city family, the organizing committee, and the event itself. we are blessed to have such a terrific champion for the america's cup leading the organizing committee. [applause] commissioner buell: and you very much. we have the easy job. our committee is going to raise about $30 million in the next three years to host the event, and we are committed to helping the event of 40 raise another $270 million to put on the regatta's that lead up to and the hosting of the america's cup. i want to thank the lieutenant governor. he asked me to do this about six