i want to invite stephen barkley and mike from our staff who have been working diligently with the authority different agencies. of course, my point person for making sure we honor the public's request, to do this america's cup and the best possible way and involve everybody. let me start with some good news. in january of this year, we had an unemployment rate of 9.4% -- 9.5%. as we announced during a year, it steadily went down. as of today, it is 7.8%. sorry. the reason i have that number people, in less than one year -- that many people were employed. i think we're on our way to recovery. it has been exciting to me. that is why, after the election, we kept going. we want to keep that basis going. i have not taken a break. the excitement of keeping this foundation going is credible. with that unemployment rate announcement, i want to praise and thank our planning commission for their unanimous vote last night on passing the environmental impact reports for the america's cup. that is why mr. bartley is here today. we celebrated that night with a phone call to each other, said, good job. ou

i want to invite stephen barkley and mike from our staff who have been working diligently with the authority, many different agencies. of course, my point person for making sure we honor the public's request, to do this america's cup and the best possible way and involve everybody. let me start with some good news. in january of this year, we had an unemployment rate of 9.4%