. >> and elaine forbes says the wall is vulnerable to two crisis, a major earthquake and rising sea levels. >> we've studies, thkewhich few >> they want to rebuild the sea ball. they're supporting ploppings a on the san francisco ballot of it's a bond measure to take the seawall to next century. the measured is backed by the board of supervisors and environmental groups. the only public option is the lib taper party. if businesses leasing waterfront property want the properties to be protected from bay water spillover, they can pay for it themselves. >> that's understanding, what it does and how it does well for us in the next 100 years. >>> it will be raised several feet in some areas, much like the ferry terminal of sea level rise of six feet in the next several years. it floods here during king tides. >> the plan is to rebuild the wall and finish it by 2050. >>> winter is forecast to be warmer than average this year. the noaa administration released its outfit, and it forecast a warmer winter for this part of the country. no part of the country is expected to be colder than normal. the

president cohen, members of the board of supervisors, brad benson, representing poured director elaine forbes. thank you for hearing this -- altogether of these items today, and president cohen, thank you for your sponsorship of this. so i've got a brief presentation. pier 70 is a project that the board approved last fall through a disposition and development agreement and a financing plan, all of which presumed trailing approvals of the public financing to build this new neighborhood. today, we're here with one part of this public financing, a key strategy to develop affordable housing at pier 70. so just a brief reminder that the pier 70 special use district is a 35-acre mixed use development site with approximately 1600 to 3,000 residential units, 30% of which will be affordable, and a mix of commercial, retail, arts, and light industrial uses. we expect 470 units of affordable housing at the site. this is -- will be accomplished through 20% inclusionary on-site in the residential rental buildings and three 100% affordable housing parcels developed by the mayor's office of housing and comm

brad benson representing port director elaine forbes on behalf of the pier 70 project team. today, we're talking about an implementation step for the buildout of pier 70 that was envisioned at part of your project approvals last fall for the pier 70 28-acre site and the 35 acre special use district. so this represents -- this slide represents the 35 acre special use district at pier 70. what is shown in -- outlined in red is the 28 acre site that will be developed by a subsidiary of forest city. we're here today about the box in blue which is the future parcel, one of the first sites that will be sold for market rate housing development at pier 70, and it generates much needed proceeds to pay for project entitlement costs. specifically, we're here today to vacate a 12-foot strip, excess strip of michigan street, which would remove the street designation, allow for a larger development parcel and pave the way for a new street and sidewalk. so on left, before the straeet vacation, we have an extra wide michigan street, which will be a one block straight with parcel k on one si