i am also supported here with peter daly and elaine forbes and also steven from metro and we are available to answer any questions. >> thank you. is there nub comment? seeing none, commissioners? >> thank you for a very -- well, a great presentation. i'm really excited about the new cruise terminal and all the new cruise calls we're going to have coming to san francisco once this is completed. i really want to thank stefano, veronica and metro for being so diligent and putting together your local business participation plan. i think it's a model that others can easily follow so i really want to thank you for taking the time to put that together and i'm really excited about the buy san francisco directory because i know all of our port tenants can use that. so thank you very much. >> john, this is a great presentation. i also personally want to thank stefano, i know i've been that, for a time there were some problems at the old facility and he really stepped up. he listened to the direction of this project. i understand things are going well down at pier 35 now and you are getting ready for

the presentation to the agencies were made by elaine forbes, our cfo, myself, many of our financial analysts through the organization and some of our deputy directors. we thought, too, that the surveillance reports that they issued this year were more positive than we've seen in the past. they still remained concerned with the immense capital needs of the port but they feel that the port commission in particular by setting the designated capital policy is taking affirmative actions to address that and they like what they are seeing. so we're very excited about our new rating. if all goes well we will be entering the market this thursday to sell the 2013 bonds with an anticipated closing date two weeks later on may the 29th. so so far, the mashet place is moving in the right direction for borrowers and we're very xietdd for that and we want to lock in and have the market place move up so we can earn money on our other investment holdings. wish us luck and i'm sure we will be reporting back on how the sale goes. you may have caught -- may recall the lease extension to the southern waterfront a