commissioners, peter daly. i commend you for your attention span on this long meeting today. i'm going to give the next steps of the cruise terminal. back in september of 2012 and we started this effort when we asked for permission for permission to issue an rfp for cruise terminal operator and management company. in october of 2012, we actually issued the rfp and in february of this year, 2013, receive two proposals. pursuant to the city's demonstrated code, in april of this year -- here we are now in june to ask permission to begin negotiations. it has taken us nine months to get to this point. in november, the port will get the session of pier 37 back from america's cup event authority; it has been difficult for myself and my staff to drive by and not being able to play with our new toy; we are looking forward to phase 2 to get the facility up and operating. we are not going to have a lot of time for phase 2. we are going to have to hit the ground running when we get back from america's cup. phase 2 is projected to cost approximately -- million dollars clean installation o