i'm the principal of jackson pacific ventures. my company along with arch stone smith it the sponsor of 340 fremont street. i'll keep my comments exceedingly brief and just offer to be available for questions should -- should any of you have questions. we're part of the rincon hill plan. we were approved as part of the rincon hill plan which was a man that allows the development of high-rise residential buildings in rincon hill which of course is downtown. it is near transit. it is near jobs. we continue to believe that the rincon hill plan represents excellent planning. we're glad to be a part of it. the ren we're before you today is that we are in the midst of the a -- of a still severe economic recession. part of the consequences of the globaling and national recession, it is not feasible or not possible to finance the construction of the project like 340 fremont street, a 400-foot tower which would be a rental building and has three stories of below grade parking. i'm -- i think the building on develop -- developing at hawthor

pacific life. the power to help you succeed. >>> the idea is do you want to go -- did you pick that music? that would make me samuel jackson shaft, right? yeah, yeah. they found it. >> that was good, thanks. >> you asked for it, you got it. >> how are you, sir? >> they say that cat is bad. >> i'm good. >> that's a bad man. >> she a bad, bad man. he is arguably the number one or number two best player in the nba right now. some folks would say coby bryant is the number one player. that's last night. this is the player introduction. this is lebron obviously being introduced as he goes back home to cleveland. his home is akron but he goes back to the team where he played and starred for seven years and he's wearing another team's jersey. >> that sounds like when we walk into the newsroom. >> you are a mess. >> i had to come in early, and i was trying to sleep but it was over pretty quick. the cavs were leading but it was over quickly. >> as kevin mchale said, it is a different experience for the fans than the players. lebron is still friends with people on the cavs' team. the fans had the signs, and they came up with chants,

jackson. >> let's check your weather and see what's happening, we'll show you we have got some more wet weather moving into the pacificorthwest. showers along the coast, snow inland, we're talking about an inch to an inch and a half of rain right around puget sound. we're talking about anywhere from three to nine inches of snow. rest of the country, we're going to continue to see the lake-effect snow. syracuse has had 97 hours in a row of snow. they've got almost 30 inches of snow on the ground. sunshine up and down the eastern seaboard, kind of breezy today, >>> it's a pretty gloomy-looking commute across the golden gate bridge this morning but the rain for the moment has let up at least a little bit around the golden gate bridge. you can see we do have more rain off to the west and more will be waiting for you right around your 580/680 interchange. still moderate rain down the sunol grade and now the rain is spilling into san jose. you can see the clouds and rain off and on for today. we'll see highs in the 50s. tomorrow scattered showers with some sunshine. then the weekend we're going to start to dry out with morn