mr. orton's cash flow and cash equivalent assets and is able to report through our consultant that there is ample assets to fund the maximum $14 million equity contribution on behalf of the developer and also to satisfy the liquidity requirements of the bank loan mentioned above. so quickly to summarize financial terms, odi will invest up to $14 million of equity, minimum equity contribution is $5 million, approximately or the port will participate in the deal structure according to the following waterfall of events, beginning with repayment to odi of their equity and a 14 percent return on that equity. that is something you've heard before. the next item i'd like to poupbt out is a new item that we were able to negotiate over the last several weeks. following odi equity repayment, the port's capital in return would also be repaid and following that the port and odi would share net revenues at a 50-50 clip. should odi out perform the performer, meaning should the port participation rent be exceeded based on what the performer shows, we have created a bonus incentive for odi to participat

. at this pilot to introduce from the developer mr. james matson. also in attendance they are mr. eddie orton, eduardo mora from earlier. i like to introduce james to come up and toys more. tell you some more. >> good afternoon. thank you for the opportunity to present. were very happy to be here. i want to thank the introduction and all the work is taken on in kathleen's absence and all staffs time and effort over the last 2 years to get to this point. were very excited to be on the one-yard line and to start work soon. the project as bill mentioned is a mix of uses. the users fall within the ports master plan and extensive land-use planning that preceded us by a number of years as a mix of office space restaurant space late industrial space in public space. right now the site is dark. it's dangerous at night it does not feel comfortable. it's essentially cut off from the community. the people will go down and either hop the fence or take photos when the weekends it's really not accessible to the public right now. our goal when verdun is at this incredibly vibrant very very frequented area t