the central soma plan, and to kick off the sponsor's presentation, i would now like to introduce carl shannonit and economic pressures have put us in the position where we are quite frankly that does not make sense. we are putting this project forward as a fee project but should something change and should that window open again, there is nothing i would like to do more than see us bring the housing forward. in terms of context for the site, this is important. this is next to the new central subway, across the street from the major supermarket. walking distance to the school and library. it is between south park and the new park that we are going to build in the park block. this is really, i think, the ground floor, the intersection of fourth and townsend at peak hours during the day has 3,000 people cross the street per hour. a subway on one and muni lines on the other. it is a dense urban location. we wanted a project that had open space where the publico get away from that and have an inward looking project where there is a lot of permme ability. a central courtyard. the lobbies face into