helped the event authority design the proposed uses of various port sites, and of property, we have john stringer, who has been working with a broader team on looking at the construction activities that will be needed to prepare [inaudible] we look forward to negotiating some of the longer-term development opportunities that will arise out of the america's cup. we are thankful you are all here tonight to join us. without the benefit of coming to you tonight would be to give sort of an overview of the very complicated set of approvals that are going to be required for the america's cup to happen in 2013. we envision that these approval process these would start in a month away. and then move very quickly through planning commission, a port commission, board of supervisors process and then the, leading through a number of state and federal approvals as well. the next time we would be back in front of you if the planning commission certifies the environmental impact report for the 34th america's cup and cruise terminal project, we would be seeking your consideration and approval of the final propose