ellison, the defender, will be racing in the final regatta match against the challenger. they do round robin competition is to select the actual challenger in the regatta match. mr. larry ellison and oracle can also choose to have a defender series. you would have two months of racing to have a challenger selected, and then they would race against mr. ellison in the regatta match itself, which be 10 days or so in total. -- which would be 10 days or so in total. there were got itself with last 10 days, and all of that -- the regatta itself will last 10 days. supervisor maxwell: supervisor mar? supervisor mar: thank you. that is very slick. i heard it said that we are competing with italy and the king of spain, but what kind of resources are they putting up that we would be competing with, as supervisor mirkarimi mentioned? >> i can only speculate. i am not privy to those offers, but what i can say is actually one of the benefits of the san francisco offer is the process. the challengers know what we are putting on the table. it has been rumored that italy and spain independently are offering hundreds of millions of new roads to the team to support born in the ameri

mr. ellison protected first? do not know. for those of you who follow south beach development policy, you know that is the one that is worth something. it is actually on land. there is that title trust issue. in this term sheet, there is a title and trust swap. what program are we going to put on that? we do not know. what is the value of that parcel? we do not know. piers 30 and 32, when improved or fixed, approximately $45 million. plans to sell any of the parcels -- we do not know. maybe ms. moyer -- supervisor mirkarimi asked about waterfront plans and she may be deflected. how will the board of supervisors make a decision without a budget analyst report or ceqa documents? we apparently can do that, but i do not know whether it is advisable. there is no response. if you flip over to the america's cup impact on the san francisco general fund, this is my best estimate. this is taken from four or five different sources, including the committee meeting yesterday, the resolution in terms sheet in front of us. we have some reve

mr. ellison and his team to decide what to do in terms of architecture. there could be a very simple, a temporary structure, which could be overarching. to protect from the wind, rain, sun, harvest rainwater, and be really a true image for san francisco with the america's cup on our waterfront, and it is one that would be seen by media around the world and would provide for the city, we think, an image of both sustainability of of the embarcadero with a space that makes it really truly openx4w use the technology, again, and you can see the details on this race, so will be extraordinary. san francisco is one of the greatest cities in the world, using infrastructure widely, going to the airport, continental nonstops -- san francisco is one of the greenest cities. supervisor maxwell: and how would these ships come in? they are not sailing here. well, maybe some are. >> much like in high technology piece, it could be brought in by water or maybe by air. these are very, very high technology machines. >> they are brought in here, and then they are assembled --

mr. ellison protected first? do not know. for those of you who follow south beach development policy, you know that is the one that is worth something. it is actually on land. there is that title trust issue. in this term sheet, there is a title and trust swap. what program are we going to put on that? we do not know. what is the value of that parcel? we do not know. piers 30 and 32, when improved or fixed, approximately $45 million. plans to sell any of the parcels -- we do not know.

mr. ellison holds the america's cup today. i will say it is clear from the comments in conversations i have had with people within my district that there is no question that they are excited and they fully embrace the idea of having the america's cup come to the san francisco bay. i will support that embrace. i will also say that this is not a supervisor oriel district issue -- not a supervisorial district issue, but a city issue. once we break it down into two has jurisdiction over what part of the san francisco bay, we are not looking at what you have in front of you. this is an issue for the city and county of san francisco. the impact will be great and it will be positive. i would like to thank marcus young, who is doing a tremendous job to create an excitement around the america's cup. i would like to thank bob mulhern. i would like to thank mark buell. i would like to thank every member of the acoc. i would like to thank greg hartman, martha cohen, the port of san francisco, rec and park, and the planning department. i w

mr. ellison and the oracle team have given us the opportunity to showcase this area progress of the world. the marine engineers beneficial association would like to express support. the logistical challenges are many, but the rewards are greater. we stand ready to respond to the challenges and opportunities presented by these games and races. improved infrastructure for san francisco and more jobs in an american opportunity -- an american economy that could use the opportunity. chairperson maxwell: john arnott? come on up. and then ron young. >> thank you very much. supervisors, thank you for the hard work you have done, and the mayor's office for making this a possibility. i work with a sailing magazine and am a lifelong sailor. this is a kind of "pinch me" moment in the bay area, a dream come true. i think all of us who live here in the city now it is magnificent. i moved here 30 years ago thinking of would be here a couple of years. sailing on the bay is one of the reasons i am here so much longer. the city is beautiful. it is the line between the two that causes a lot of problems. the

mr. ellison wanted the whole time through his legal challenges. this cut out a lot of qualifying regattas or a lot of the work out of it. last time, in valencia, the lawyers are the ones that figured out the preliminary rounds. oracle took two out of three, took the first two in the event. the outcome of that for valencia was a huge loss in revenues. apparently, they could not even sell the tv contract on it. they were giving it away free on the internet. at an event where according to the $270 million figure, an event that had previously cost somewhere in that neighborhood, at 230 million euros in 2007, it cost $11 million, not including the cost of the most expensive boat ever built or the most expensive legal battle in sailing history. but the cost of putting on two races was 8 million euros. that was the last america's cup. i guess a question to staff -- i am not even sure who the challenger is for 2013. what happens if there are not perks? there are some yacht clubs who are choosing not to participate in this one because of this very issue, b

mr. ellison decides which of the three cities the finalists -- valencia, spain, some city in italy, and san francisco -- it may be the last vote we have on feasibility pursuant to the new language in their resolution. the recently moved to a system of term sheets was so that -- the reason we moved to a system of term sheets was so that we would not go to the project with the only time -- only to reject something a huge amount of force has gone into. legally, there will be the opportunity before the ceqa is finished -- but let us be honest. if we adopt this term sheet before -- today, before the end of this year we are going to be very hard pressed for the next sitting of this board of supervisors to actually say no to america's cup and the sailing community. we have done more analysis and this actually is not good for san francisco. it is not favorable. therefore we are going to say no, and hopefully you can get something together quick on the fly with valencia to host this thing -- sorry. let me say there would have to be literally an earthquake in san francisco for that decision to happen

mr. ellison, you were at the dorset last night. yeah, i was entertaining clients. had a good time.nsive champagne. '57 pierre jousset-- good stuff. that champagne killed kristen banks. i had a glass, so i killed her? witnesses stated you were wearing a suit at the dorset. where is the jacket that you wore last night? it's at a dry cleaners in bal harbour-- french place. you're welcome to check it out. i will. (scoffs) sara: hey. you can grab the drink and that's it. you understand? take it easy, sara. don't make me look bad in front of my clients. sara. what are you doing here? being a bottle girl is a 24-7 job. richard spent $25k on liquor last night. i have to keep my clients happy and i have to keep the boss happy. that's how i keep working. you don't have to do this. i do. my son-- that's what gets me through this. i can help you. ellison: sure... uh, i can't. i can't implicate anyone. the guys who go to the dorset are very powerful people. ellison: sara! sara? drinks? caine: sara. i-i have to go. i understand. sara. boas vista: you know, i didn't find a bottle anywhere, and i'

mr. ellison, and the one person that could answer if the moneys from this work to go to pay port or both. there is $270 million promised by acoc and private philanthropy. i wonder what the actual cost of the event looks like. how much are we talking in terms of the boat race, his entry into the boat race, the wine that is being poured in the hospitality tent. what are those costs against the $150 million. is that inclusive? isn't that like double dipping? i have nothing but questions, but i will have my staff in here, and i will be watching this on the videotape later tonight. supervisor maxwell: i really expect them to be answered, and they should be entered in writing as well so that he can get a hard copy as well. >> can get the section 29 question answered which would seem germain? supervisor maxwell: she is looking at that right now, and while she is, we will continue. i'm sorry, a supervisor mirkarimi. supervisor mirkarimi: we can wait. as you wish. >> i am the director of office economic and work-force development. we have answers to a vast majority to his questions, and those that

mr. ellison, you were at the dorset last night. yeah, i was entertaining clients. had a good time.nsive champagne. '57 pierre jousset-- good stuff. that champagne killed kristen banks. i had a glass, so i killed her? witnesses stated you were wearing a suit at the dorset. where is the jacket that you wore last night? it's at a dry cleaners in bal harbour-- french place. you're welcome to check it out. i will. (scoffs) sara: hey. you can grab the drink and that's it. you understand? take it easy, sara. don't make me look bad in front of my clients. sara. what are you doing here? being a bottle girl is a 24-7 job. richard spent $25k on liquor last night. i have to keep my clients happy and i have to keep the boss happy. that's how i keep working. you don't have to do this. i do. my son-- that's what gets me through this. i can help you. ellison: sure... uh, i can't. i can't implicate anyone. the guys who go to the dorset are very powerful people. ellison: sara! sara? drinks? caine: sara. i-i have to go. i understand. sara. boas vista: you know, i didn't find a bottle anywhere, and i'

mr. ellison would love to hold it that long. it is unlikely he will, but it has a long lasting benefit. also, youth programs. our foundation supports youth programs. i fell in love with sailing when i was 12 years old. i actually had polio when i was 3 months old, and so i could not do baseball, football, and other things. sailing was one of those areas where i could compete on a level basis with others that were able-bodied. one of the organizations i benefit from will talk about that part of sailing. i will give strong encouragement to move forward. chairperson maxwell: geoff green, joy o'connor, bob neihbor, jessica schumer. >> good afternoon. i do not know anything about politics and economics. there are other people who know about it. but i am a sailor. my guy is also an avid sailor. we think this is a good opportunity to try to keep the america's cup in the bay area. i am part of a group called the bay area association of sailors. we have managed to sell floats for close to 25 years in the bay area with the help of able- bodied sailors. we think having the america's cup here can o

ellison. keith, good to have you with us tonight. we want to point out before this interview that mr.aladino has just released a statement, somewhat apologizing. "yesterday, i was handed a script, i redacted some contents that were unacceptable. i did also say some things for which i should have chosen better words. i said other things that the press misinterpreted and misstated. i sincerely apologize for any comment that may have offended the gay and lesbian community or their family members. any reference to branding an entire community based on a small representation of them is wrong." what's your response to all of this? obviously, liberals accept apologize. does this go far enough? >> well, no, it doesn't, but the fact, why doesn't he just say that gay, lesbian americans are full equal americans, that we embraced them as americans and they have every right to pursue happiness as any other americans do? that's not what he said. what he did is he put -- he said what he really believed, he got in it trouble for it and now he is trying to back out of it. and the fact is that he did t