but we've been able to fit people in in a way that might surprise you in terms of the leaseholds, the terms of agreement, the kinds of resources they're using out of our facilities, and so on. so it's been very flexible. the other point i'd make is that the citizenship has been good. all our friends, when they heard this, said you're going to regret this. you're going to have g.n.p. violations, people are going to steal your stuff, i.p., blah blah blah. it turned out not that way at all. so i don't know of a company that's been disciplined. i know of a couple of places where we had to tell people not to put their bicycles in the hallway and stuff like that to obey code. but not much at all in that regard. and in fact, i just sort of think of it as a lot of very good citizens, what the experience has been for fibrogen. imming that part of it is important to see because we take certain risks in making the space available. today we have not been exposed or had to pay for taking those risks. in terms of the economic package, we assumed that a fully operating building, where our costs for

it does seem like there is still a division of lee's holding in this mou -- leaseholding in this mou rather than the puc taking over the lions share. >> it calls for a continuation, to some extent. the leases and agreements break into three. the harding road golf course, which i think everyone has agreed the improvements were paid for out of recreation and park funds in a big way. that is a recreation and park deal. that belongs to the recreation and parks department. the harding road boathouse is primarily a recreational activity. there are issues around that. since we do not really deal in recreational activities, that is something rec and park primarily does. we believe that primarily rests with them. however, we think we should be a party to that, to make sure those are like-oriented recreational activities. -- lake-oriented recreational activities and do not violate our watershed programs. third is the john your road site. -- muir road site. that property relates to the lake and management of the watershed. we are taking on responsibility for that lease. it is broken into the re

>> it is specifically a tax to leaseholders on port properties. it really only comes into play when there is a long-term lease. any time we take a piece of property currently in short term lease and put it into a long- term reeslease with improvement value, new taxes are generated. >> since there is no tax on these and there is to submit and there is new property tax, the entire amount has been part of this revenue? >> that is correct. >> the existing property tax would be the increased value of the property tax that would be part of the revenue? is that correct? >> that is correct, and also wanted to point out this is reforming the district on the port property. that would allow less, only in regard to where we could spend the money. creating the district would allow us when there are specific product areas later, when there are tax increments to be spend, these are the locations. these are the port properties where we could spend them. >> 8 washington is the example project, all of that would accrue? >> that is correct. >> it will accrue, but so