. >> reporter: land broker ray brownfield says farmers and a few investors are among the interested buyers. >> we've got some really good prospects looking at the ground, so we're hoping that we'll get it sold by spring. >> reporter: a few years ago, brownfield probably would have been showing this land to home builders, who were snatching up parcels in chicago's rural collar counties. but while weak homes sales pushed those buyers out of the market, farmers are jumping in because of hot global demand for grain and land to grow it on. >> it's really created a good old supply/demand theory that we have more demand than we have supply, to some degree, and that raises prices. >> reporter: by the end of last year, illinois farmland values were up 11% over the previous year. other farm belt states like north dakota, minnesota, iowa and nebraska saw even bigger gains. that has economists at the federal reserve bank in kansas city concerned about a possible bubble, so they're keeping an eye on land values. but agriculture economist dan basse doesn't think there is a bubble. he says many of the fa

their experience not only within the san francisco area but also with public private large-scale brownfield redevelopments. we believe that is very complementary and synergistic with our large, high tech tenant base, our technology development experience and our deep financial resources and relationships. >> the rfq part of the story is basically the summary. between the two companies, we have been doing this for a combined 60 years. we have done more office development than it is safe to say our competitors, but as he relates to this area. the bay area is home. it is where we do our work. where we have been successful. the financial strength of the sobrato organization, combine with our development background, as john said, is unparalleled. when you look at the commitment of the two organizations to the bay area in general, it goes much broader than real-estate. it includes social organizations and the like. we feel those are good resumes. as it relates to pier 70, we did the hamilton air field in cameron, which include all of the elements that this project includes. it had the clean-up of

obviously, a tremendous amount of issues related to brownfield, financing structures used throughout this project. there is also an incredibly sustainable model behind that, with 1000 square feet of open space. our next project actually hold a lot of similarities to pier 70. the yards, the tsa came to us to figure out what we could do with this 42 acres that was a former navy yard. there is a working in the yard next to it. a lot of the same issues of how to fit into historic context, how do i bring the waterfront back to the community? we built out the public parks first and have traded access that was not there before to the public. we are now in the midst of creating some of the historic buildings into residential and office combines. in terms of local experience, around the corner, of course, is the san francisco center. we entitled that project and developed it and brought on westfield after the entitlements were secured as a partner, operating partner. that is a local project -- obviously, we went through the entitlement process there. the presidio, the presidio large historic

five talk about some of our existing conditions and programs in terms of environmental conditions, brownfields where we have them, where we -- what we're doing with greenhouse gas and how we are impacting impact fees are currently operating and then the last three are some little tweaks to implementation measures to really make sure that we're abiding with the state law that we're required to. if you have any questions on those, i'm happy to walk through them in more detail and then as i said, your case report includes a few proposed recommended changes for some of the policy language, which i'm happy to walk through in more detail also, if you would like. in addition to that, if the commission could propose additional recommendations and i think that is it for now. staff will be here for questions. >> public comment? kathy divencizi, bernie choden, sarah karlinsky, tip. >> kathy vivenvenzi. the commission should eliminate the changed language and the map of proposed rapid bus lines from the revised new policy 1.10 and reinstate the lang wooverpblg prior 12.1 defining major transit lines along

their experience not only within the san francisco area but also with public private large-scale brownfield redevelopments. we believe that is very complementary and synergistic with our large, high tech tenant base, our technology development experience and our deep financial resources and relationships. >> the rfq part of the story is basically the summary. between the two companies, we have been doing this for a have been doing this for a combined 60 years.