lenar have required is minimum of $20,000 for the replacement unit and 70 thousands toward the redevelopment costs at the alice griffith. the ocii is providing a base subsidy to be different among the folks. and it was awarded a hud choice implementation grant or c n i in the amount of thirty point plus million dollars for the developed at alice griffith. the c and i have a one statutory project to be verified for the portion felt funds for phases one and two this laws the mayor's office of housing to make application for the bonds along with the other funding to start the construction to meet the critical hud deadlines those are conduit financing that doesn't law allow the city to replace the bonds this is for the committee in july of this year and if awarded that will return to issue the bonds this year this is slated to begin in january 2015 and completed in july 2016 we have residents from alice griffith and the hotels and in addition marseille from the salazar and from urban strategy we appreciate your corporation and this that concludes my report. and myself as well as the development

supervisor kim you know we'll have scandal where the work was not done to mitigate the radiation their lane lenar projects some time i've seen the board of supervisors move forward memoranda of agreement and prematurely when all kinds of hell is breaking lose it's becoming increasingly clear as small property owner someone that's worked on those issues people shouldn't be living on the island they have been evacuated and the navy should be cleaning up the island get them to do that first do the clean up up first getting lots of jobs by developing treasure island is not going to do those are workers any go with being in the hospital 20 years later that's draining their funds from projects. >> thank you. hi i'm mark unconscious i've been a resident on treasure island for over 8 years and been active in the community i'm on the tdr advisory committee but i'm only speaking on my own on behalf of the former demonstrate not only impacts the current residents but also the sim sobs as well as we feel we're more of a colony and part of san francisco we're really a part. many resident are living under the

supervisor kim you know we'll have scandal where the work was not done to mitigate the radiation their lane lenar projects some time i've seen the board of supervisors move forward memoranda of agreement and prematurely when all kinds of hell is breaking lose it's becoming increasingly clear as small property owner someone that's worked on those issues people shouldn't be living on the island they have been evacuated and the navy should be cleaning up the island get them to do that first do the clean up up first getting lots of jobs by developing treasure island is not going to do those are workers any go with being in the hospital

be demolished and replaced with a mixed income, local serving and regional retail, the developer, lenar will put it on its books at a $30 million demolition we've seen and we've been in the community with the supervisor and our sister departments talking about that. the acceleration of the incredible work program out there. moving onto mission bay, slide seven. key component there. again, the acceleration of affordable housing that all levels are out. thousands of units are underway on the residential side, but we're advancing the public component, the community benefits and here from last year, the relocation of the golden state warriors arena site on blocks 39 to 32. that will proceed this year and we give thanks to the controller's office and other sister agencies for being able to help us gather that info for the proper tax. that's what builds of engine for the affordable housing and the infrastructure. moving on, again, move good news in trans bay. slide nine, again, we have five development parcels out there. mixed income to create 39 percent affordable and provide for office, con

and ocii staff and lenar worked with the artists throughout the project and some wanted more space and wider doors and more sinks and various modifications and the architect has spent a great deal of time reconfiguring the studio sizes in the building footprint to make the building work for all of the artists displaced and i am sure that if patty has to do it again, who knows what will happen to her. and parking was the next major concern and after the design approval was presented to the artists in 2013, we heard back from many artists that they were really concerned about this, and you have got 300 artists. today you saw the plan for the new parking and the new parking plan which is roughly, close to 200 permit spaces and we believe that this parking plan, will satisfy the day-to-day needs of the facility for open studios and other events, we also have a commitment from ocii that they will help us work out, those issues, for overflow parking and when those events occur. and as we meet today, we believe that no artist will be left behind. >> thank you. i want to give the small enterpr

this happened yesterday with lenar at 8% growth. stocks are not moving as well as last year.he russell reconstitution. notice how i moved that? russell is today. once a year, russ of indexes rebalance at the close today, and this is the day to do it. a lot of lists passed aaround. there's $5 trillion in the russell. that's important. there's move around. politics here because they've had to get involved in the whole domicile question. so, for example, liberty global being removed, they are in the u.k., removed from the mussel, and tyco is added, was removed because it was in switzerland, but the position of the russell is if the company's revenue comes from the united states, it's classified there even headquartered elsewhere. it's tricky to figure out, get involved in the politics of how to do this because, well, they have to make a decision on that. there's one. one thing more interesting is growth in value, 5 lot of interesting changes happening, primarily because the growth index had bad performers this year. a lot of retailers were considered growth stocks growing earnin

. >> and for some years, now, i have been reassured by lenar and redevelopment and now ocii that this new building will provide for my needs, offering space and a manageable rent so that i can maintain the archive and carry on as a vital part of the community and unfortunately i have been informed by star that i am the biggest casualty of this transition. what is being offered to me is merely the opportunity to occupy a little over half of the usable space that i now have for essentially current rate value and double my rent and brushing off the affordability issues and saying that we are working on subsidies is not, i don't think acceptable and not until anything is written in stone and i also have been said that we have been told that the subsidis that will be acquired by the extra $25,000 because of the solar panels would not hold a candle to what i need to keep the amount of space affordable, nor do i find it ethical that i have to move the low income status to maintain my privilege of being an artist at hunter point shipyard and with this being the case i will have no recourse th

miller insists, his quote, the market continues to outpace supply, modest decline as you see there in lenard bath & beyond, the profit and sales miss, q2 guidance again below expectations. that's simple. too much competition from online and offline. that's a one-year low for bed bath and beyond. i don't know how that changes or how they turn it around. you talked about new york attorney general's suit. this was a big surprise to the street, not that he's investigating, but they thought he would come up with something, find a rogue, high frequency trader. this was broader and sprieding saying that the dark pools favor high frequency trading over at barclays, and the allegations surprising, specifically on fraud, but also a lot of misleading of clients, falsi falsifying information, deceiving clients who was trading in the dark. this is not so much about high frequency trading, but misrepresentation of information, misrepresentation of marketing materials, and that word, misrepresentation, is a key element in the martin act. the idea they gave information to high frequency traders including i

home builder lenar reported a first quarter profit of 21 cents a share.8% increase in new orders and a 12% increase in deliveries. gopro will be going public today. the founder nick woodman will be joining us live at 8:30 eastern time. but first, we talk to josh lipton this morning. our technology reporter. josh, good morning. >> good morning, becky. he's described as a mad billionaire, a thrill seeker who drinks red bull, eats mcdone al's and howls his way down sleep slopes. he's an entrepreneur now running one of the most popular consumer electronics companies on the planet. and it's that combination of adventure and businessman that some say explains his success. >> nick can turn it off and on when he needs to. he is a consummate salesman, a closer. he spent hours on kwfk doing the very serious work of pitching it. 199, you can have it now. so there is two sides to him. >> what was it like to grow up with nick? i graduated from menlow high school with him back in 1993 the. recently i asked old friends what they remember about nick and what they think e