mark buell, and others who really have been demonstrating significant due diligence, which for holiday spirit reasons alone should earn us the right to secure the cup, but i think by us being able to illustrate very concretely why san francisco is the best place in this nation and abroad to host the cup, that is the deal before us. it is a great deal for san francisco as long as we are not shouldering the kind of excess of responsibility that we were quite concerned about before. great questions were being asked by a number of our colleagues here to keep the negotiations on track, and they really helped contribute, i think, to the intellectual arsenal for us to make sure -- this is really unprecedented for something of this nature and size to come before san francisco. the city attorney's office has also been working around the clock in order to really be as agile as possible to doing something that no other city in the country or abroad has had to do, and that is negotiate in a transparent environment such as ours. italy and spain do not have to go through this. leaders of their gover

i urge you strongly to have confidence in the mark buell and the america's cup organizing committee and those stellar individuals that are helping him put together a plan. the bay area council will do its part with the executive committee and those members that i mentioned and those others. the bay area council is a non- profit public policy group comprised of the largest private-sector employers of the bay area of this entire region. that is it. that is a fast two minutes. i urge you to support this and move it to the full board. supervisor mirkarimi: after this next speaker -- [reading names] >> budget and finance committee, i'm walter paulson. ♪ i hope you get america's cup in this city and the budget price that you need who is reaching out to capture a moment and that i hope is wendy's because when he makes sailboats sure glide and i hope that the tide is high and you really boat flying take a ride i hope you get america's cup in this city, and that budget price that you need i know you are out to capture this moment, and i hope it is windy and wind makes sailboats glide and i hope

or if you have questions on my particular presentation -- have faded have mark -- happy to have mark buell come up. supervisor campos: 94 the presentation and for the great work that has gone into this project. my questions have to do not with whether or not we should post america's cup -- i think that the board at least a supermajority of the board has made it clear that we are interested in doing that. and as someone who voted for that resolution, i remain interested in making sure that happens. it is just a question of whether or not we have a deal that makes sense with the city and county of san francisco. with that, i want to ask if i may get a little more clarity as to why we need to act by december 31, 2010. my sense of this deal, if you will, as someone who is supportive of making this happen, is that the deal has progressively improved as negotiations continue. my experience with something as complicated as this type of a deal is that the more time you have to expand on the various points that are very complicated, the more likely you are to get a better deal for the city, so i un

would come here to benefit and participate in this event, so with that, i would like to introduce mark buellciously accepted the position of chairman of our america's cup committee, and i will be here with my colleagues to answer any questions you may have. >> thanks. i will be brief. kerry covered a little bit of it, but i have the pleasure of chairing the america's cup organizing committee. we have been meeting for the last two months on a regular basis, and in my capacity as chair, i have also been in the negotiations that have been going on. i want to compliment staff, the attorneys of the port, and the attorneys of the staff. i honestly believe that first and foremost, this is an event we cannot afford to miss, so we are going to split every effort forward to get it here. in that context, we all know the limitations on dollars, federally, state, and local, so we have to find a way to make this revenue neutral or make sure it pays for itself. in that regard, i characterize it as a three-legged stool. we have those efforts to create the facilities themselves, and that is the work you are

or if you have questions on my particular presentation -- have faded have mark -- happy to have mark buell come up. supervisor campos: 94 the presentation and for the great work that has gone into this project. my questions have to do not with whether or not we should post america's cup -- i think that the board at least a supermajority of the board has made it clear that we are interested in doing that. and as someone who voted for that resolution, i remain interested in making sure that happens. it

i would be remiss without thanking mark buell, who is heading the acoc, and also lucy, one of my constituents, a jewel to san francisco, who has been active on and all of the past america's cups and actually won it for the united states way back when, so i think it is important for us to recognize the people that are citizens of san francisco have done so much for the america's cup historically and who are going to hopefully be helping us bring it here to san francisco. it is a very exciting time, and actually look forward to what the next months bring. thank you. commissioner campos: i simply want to just acknowledge all the work that has gone into this project. as someone who sat in on the finance and budget committee hearing that happened last week, i'm very proud of the work that has been done, and the fact that a lot of the questions were raised. i think this is a much stronger proposal in terms of protecting san francisco, and i will be proud to support it. commissioner chiu: with that, let me ask city staff if you could make a presentation on where we stand today? starting with mr. vin

>> great, now i would like to introduce the chairman of the america's cup organizing committee, mark buell. >> thank you, supervisors. i have the honor of chairing the america's cup -- the san francisco america's cup organizing committee. it is a 501 (c)3, and is made up of a litany of distinguished san franciscans, californians, and people around the country, all very enthusiastic about helping to host this event here. i have -- i can tell you that both governor brown -- governor- elect brown and governor schwarzenegger, both of our united states senators, the speaker of the house, and a host of others, the mayor of los angeles, all are on the committee. george shultz and his wife charlotte. but we also have a very good working committee, which includes some prominent san franciscans. tom perkins, renown sailor. we have walter and alan newman on that committee. icahn also include ellen on the association of disabled sailors. we have the rear commodore of the st. francis yacht club. this committee has been meeting for about two months. i see this entire proposal as a three-legged stool. th