it's got a large gta, 2-1/2 acre park plaza and a tip at the end. so, it's quite a large facility. we already talked about the design services. in terms of the budget for the project, it was phase 1 cost $66.31 million. total project is estimated to cost 112 million, but we added a 2 million dollar contingency to manage project risk in the budget analyst report. this slide shows phase 1 ask title 1 and 2 project costs [speaker not understood]. the budget analyst report notes that we have all the appropriations for the project, but 23.78 million. the supplemental before you would make that final appropriation. other sources for the project are varied and it's been great for the port to have support in building this project. we have 58% port sources, 16% a passenger facility charge. we've done some work on how much we can charge, reasonably charge our passengers to help us repay the cost of this facility. with the help of san francisco voters in the last clean and save parks bond, 15% of the project supports those park and open spaces. we have a city contribution of 5% and a fema gra

we did not look at renting out the gta or provisioning area. we have a conservative look at what is possible. any expansions in space or multiple events will increase revenues to the port. on the negative side, any reduction of consumption of cruise passengers, we earn a lot from the per head fee. would have a negative impact. and any restriction on parking would reduce port revenue. and maintenance costs and utilization less than 52% would negatively impact port revenue. so in preparation for contract negotiations port staff is looking at reviewing, we are now reviewing the structure of terminal operation agreements at other ports. and looking to maximize fees to san francisco. and looking at the site, building and repair costs. and looking to report requirements for ongoing profit sharing between the operator and the port. and appropriate incentives for the business lines. with that i, and nate are here to answer any questions. >> thank you, any public comment? hearing none. i want to also acknowledge and thank commissioner brandon and adams

it's got a large gta, 2-1/2 acre park plaza and a tip at the end. so, it's quite a large facility. we already talked about the design services. in terms of the budget for the project, it was phase 1 cost $66.31 million. total project is estimated to cost 112 million, but we added a 2 million dollar contingency to manage project risk in the budget analyst report. this slide shows phase 1 ask title 1 and 2 project costs [speaker not understood]. the budget analyst report notes that we have all the appropriations for the project, but 23.78 million. the supplemental before you would make that final appropriation. other sources for the project are varied and it's been great for the port to have support in building this project.