applause] >> well thank you mayor lee and let me just say as the federal transit administrator it's great to be in a federal transit city. as many people know a rail connection was promised to the people of union square and chinatown going on two decades. they made that promise because this quarter is the most densely populated quarter in the entire western united states that doesn't have an adequate rail connection and that promise was made because we have the opportunity here to cut the commute for tens of thousands of people everyday in half by this investment. the vast majority of the people don't own a car. they depend on transit. well today through president obama's leadership, secretary lahood leadership, the vision of the leaders on the stage we are here to commit $942 million to fulfill that promise. [applause] >> with the signing of this grant agreement we are taking $942 million paid by california taxpayers and to create jobs now when we need them. we're also using those dollars to improve the quality of life, and as jackie spear pointed out plan for the future and economic prosperity of this whole area. when

city. this item attributes to several actions. to reflect also the obtainment of a large fta grant. we happily we received a $50 million from the federal transit administration to support the project. part of that funding will be passed over to the authority and part of our previously prop 8 funds will be passed over to mta. this is all to cover some of the work already happened and budgeted for back in the 2010 appropriation as well as reflect the past year. over the past year, the agencies have all done significant work to refine and develop the locally preferred alternative both agencies have been incurred a bit of additional cost. we have also added more consultant support to the budget. the memorandum of agreement will also update the project budget to add about $1.1 million of total project budget to bringing total project cost up to $6.7 million range. again, this additional cost is fully covered by the federal transit administration grant and no additional funding is being sought today. finally this memorandum of agreement, the amendment to this mla provides for the milestone-based transition of the project from the authority to the mt

city. what other ones? >> it would -- the environmental approvals from both the planning department and the federal transit administration, i met briefly with the fta this morning to discuss the topic and they're fully briefed on this report presented to you today. and i should have at least a preliminary review from the fta by the end of this week. >> those are the only three approvals -- >> and funding, and additional local funding. >> would that be the ta here we're talking about? >> we have not yet identified funding source. >> okay, thank you. other questions before we hear from the public? >> yes. just to clarify, 3 [speaker not understood]. it says it would be encased in concrete and it would be more difficult to continue the tunnel along if we were to continue to north beach or fisherman's wharf in the future. is that correct? >> i believe, director brinkman, you're referring to option 3. >> yes. >> the benefits of option 3, it does allow the construction of 3,000 feet of critical thank youerctionv that could make the possibility of an extension be real. >> right. >> the downside of option 3 is tha

city. what other ones? >> it would -- the environmental approvals from both the planning department and the federal transit administration, i met briefly with the fta this morning to discuss the topic and they're fully fe

cities. right? this is it. >> central subway. >> from washington dc to san francisco we are here to accept brait a federally supported and grass-roots driven transit project that represents access for all to jobs, health care, their families. this is it. >> central subway. >> okay. a little extra. in the national play offs of life itself like buster posy we just hit a grand slam. this is it. >> central subway. >> it's been a long and difficult road towards a new and more inclusive transit system for san francisco neighborhoods, but we shall overcome. am i right? this is it. >> central subway. >> bless the construction workers and those that sacrifice so much -- you know who are you -- that san francisco can move towards a transit for the future and this is it and bless all of you on this wonderful day. thank you. [applause] >> before i invite the final speaker i just wanted to make sure i acknowledge senator mark leno for being here today. thank you very much. big champion for transportation in our state. steve mecher and thank you for being here. ongoing support. got the sf giants hat, yes. mike cureo and thanks for being here and the constructio

federal transit benefit from employers. >>> dc's demographics they are changing. >> that's right. the citybecoming younger, whiter and richer. according to the washington examiner, 34% are now white. that's up from 28% in 1999. the black population dropped from 60% to 51% over the same period. about 30% of residents are within the ages of 20 and 34 which is up from less than 27%. median household income has climbed 14% to $62,000 a year. the percentage of white residents has dropped. while asian, black and hispanic are on the rise. >> a precious sight is set to go on display today at the smithsonian museum of natural history. the world's largest cut will now be available for the public's viewing. it was mined in brazil during the 1980s and names for the country's first two emperors. >> what it's like inside the homes of congress in the middle of a bitter battle. two former congressman for a closer look at the fiscal cliff negotiations. >> i thought it was a review of the movie lincoln. first from kanye to the black keys. take a look at the frontrunners after last night's grammy nominations