chairperson maxwell: peter stoberg, jack baird, geoff green. >> i am norman per spierce. we have all talked about the value to the sailors and the sailing community, the economics of this event. i want to bring up the value to the citizens of san francisco at large. much like the ballpark, if we create this beach area into a fine entertainment environment, the public can attend events. this america's cup will be unique for the citizens of san francisco, the grassroots people to come down and get possession of the waterfront. we do not have that opportunity right now. there is a line that says sailing is elitist. i think you're seeing more and more that it is not elitist. big boats are expensive, but there are a lot more smaller boats out there. the more opportunity the citizens of san francisco have to reach the waterfront and participate in waterfront recreation is a larger desire to be there. we cannot forget that if it was not for sailboats the forty- niners would not have come here. a couple of those guys that sale by the golden gate bridge -- sir francis drake came b