entity is today represented by jack bayer of the san francisco giants and for the director for the cordish cos. with us today is also john north, representing a consultant to the development team. since executing, we have been working with our partners to further define the development concept. multiple conceptual site plans and generations have been reviewed as part of that process to show a flexible mix of uses that can support a feasible economic structure. our efforts so far are geared toward delivering a successful project which provides efficient returns to justify the private investment we anticipate. that responds to the economic needs of the port, meets public objectives of this city and residents, and it fills the communities land use and design objectives. this project differs from most of our other projects with the exception of pier 70, given its scale. that is a very large site. 16 acres on the sea wall lot side alone. it is one of our larger and opportunities. the developer is proceeding in this uncertain economic period that poses an extraordinary risks due to unknown market co