this occupies 100% of what was formerly mervyn's. they will be maintained, one on masonic and one on farrell. we have to the right two areas identified as a potential expansion area. office depot is an existing tenant and property. that becomes available as a result of the downsizing of office depot. we're looking for flexibility to expand them. this represents the second floor of the proposed target promises. this is basically 100% of the former good guys space and the mervyn's space that was located on the second floor. this is the layout. there will be utilizing this loading facilities are -- that are on site. the show's a general section or a few of -- this shows a general section oor view. this shows the area where target is proposed occupied. they will be on two levels. the first and the second floor. their location on the first floor is based on taking the former mervyn's space. the dotted area is not included for the expansion of office depot. the final slide shows the same sections and dotted areas where the proposed target

i go to sears when i am going to mervyn's. the business of putting all these extra lipstick as was described it detracts from it. it was a simple building. upgrading it should be simple and direct. it should use some simple colors and probably should not put as many blade signs on them. if it is target, that is fine by me. it oculd be -- could be the red dog building. that is fine by me. while this commission supports free use by major formula retail, we also have a pending entitlement which was not given by this commission where despite the fact that they breed development -- they gave target permission to open up a formula retail in that large retail space. we are giving target two major locations. the other one will be more car area rented -- car oriented. what i have about the ramparts, this is an amazing piece of architecture and i would like to leave as much of it in the future. i do not want to make it look like a retrofit of l.a. >> i fully support this use. the building has been sitting there vacant for years. i live

i have many, many times gone the wrong way trying to go to payless, mervyn's. i am the one waitperson. i have been in many many lots. i do applaud the open discussion on let's get the one-way traffic blowing and make -- flowing and make office depot accessible. she was talking about integration in the community. they do not want to shake hands with us on the subway. they are not opening their doors to give our teachers gift cards are any thought of appreciation. please honor the high school students beating they are part of the neighborhood. they want to come shopping. please open their doors to us. i hope payless or mervyn's or anyone else in the neighborhood would shake hands with the students at our school. thank you. president olague: thank you. is there any additional public comment on this item? >> my name is jim wilter. i am directly opposite the parking lot entrance, and for many years, i watched the old sears sign -- not a very attractive sign, but it did not bother me. you have got to have the height, because i know i do not want to have to dodge a si

easing causes wealth and income gaps sterling no refuge as king stimulus bank of england governor mervyn king signaled on aug tenth that he may resume pumping cash into the economy in order to boost growth he have no choice because the debt monster both visible and on the shadow banking system is gordon brown himself called it is this huge out of control monster that requires zero percent interest rates there is no risk of rates going higher that won't happen in anyone's near future interest rates will be kept at zero indefinitely and this is another way to disenfranchise the poor who are rioting as an example of trickle down larceny the other thing i might add is that you could have predicted this in the price of gold because of course the price signal from gold has told us that this crime agenda atmosphere environment of the u.k. would not stop as the price of gold to soared over eleven hundred pounds. and ounce that was only six or seven years ago two hundred pounds well you mention something the price signal in an environment where prices are manipulated the bond prices are totally m

. >> reporter: when mervyns went out of business, many shopping centers were left with large abandoned spaces that safeway now wants to take over. >> the economy has made it so there are some retail spaces that are available. we're taking advantage of them and thus far, the response has been very positive. >> reporter: pleasant hill neighbors are welcoming safeway. >> well, when i found out that safeway was coming here, i got pretty excited. >> this was a big store. i'm surprised it's lasted this long. empty. because this is -- they have great parking. and for safeway that's going to be great. >> reporter: and employment, too. >> oh, yeah, definitely. i may even look for a job working nights here. >> reporter: but safeway's takeover of shuttered businesses doesn't end here. in the south bay, safeway just cut a deal to take over this former sears store at san antonio plaza and to that, safeway just opened a store in campbell at another former mervyns site. and next year, an old mervyns in petaluma will become another safeway while this new store opens at the former target store in el ce

have been no austerity measures implemented yet and yet today i was reading the financial times and mervyn king the bank of england said that inflation would reach as high as five percent this year so this is ignorance on a wide scale that. the populations don't understand inflation as an austerity measure. the austerity measures have come in the form of excessive bank fees you know when these poor people who are not part of goldman sachs in a circle and they take money out of the bank they get raped by the banks with these fees there it's financial austerity and oprah russian when you're charged twenty nine point nine percent or higher for your credit card rates again goldman sachs employees get negative interest rates on their borrowed money it's jim crow laws as applied to interest rates it's basically financial apartheid and these people are living in a financial prison and this was a prison revolt and now many commentators are noting that these rioters are just reflecting the looting that has happened from the banking class now let's look at how the politicians who remember just refle

i spoke again yesterday to mervyn king, and i can confirm the assessment of the bank and the treasury, the british banks are sufficiently well capitalized ask holding enough liquidity to be able to cope with the current market turbulence. we have in place well-developed and well-rehearsed contingency plans. we must also continue to implement the fiscal consolidation plans that have brought stability to our bond markets. i believe the events around the world completely vindicate the decision of this coalition government from the day it took office to get ahead of the curve and deal with this country's record deficit. while other countries wrestled with paralyzed political systems, our coalition government has united behind the swift and decisive action of cuts and the emergency budget. while other countries struggled to command confidence in their fiscal forecasts, we have created an internationally-admired and respected and independent office for budget responsibility. these bold steps have made britain that safe haven in this sovereign debt storm. >> here, here! >> our market interes

i spoke again yesterday to mervyn king, and i can confirm the assessment of the bank and the treasury, the british banks are sufficiently well capitalized ask holding enough liquidity to be able to cope with the current market turbulence. we have in place well-developed and well-rehearsed contingency plans. we must also continue to implement the fiscal consolidation plans that have brought stability to our bond markets. i believe the events around the world completely vindicate the decision of this coalition government from the day it took office to get ahead of the curve and deal with this country's record deficit. while other countries wrestled with paralyzed political systems, our coalition government has united behind the swift and decisive action of cuts and the emergency budget. while other countries struggled to command confidence in their fiscal forecasts, we have created an internationally-admired and respected and independent office for budget responsibility. these bold steps have made britain that safe haven in this sovereign debt storm. >> here, here! >> our market interes