i am here with stephen berkley, the head of the event authority.o you and to jim and mike and our team for working intensely for months on the last few weeks, putting together the development agreement that is part of the investments on the america's cup, which oracle and others have been working on. the last couple of weeks, i have been a key participant with members of the board of supervisors but also engaged between our staff and the abet a party and corp. team staff, to try to get to all of the complex agreements that have to do with the investments. i will say, in light of those discussions, some of which have been written about extensively from all of you, i started to get the feeling that people were for getting help on this race is going to be for our city and started talking about not only the complexities of planning, permits, investments, returns on investments, i even have people start mentioning lawsuits that have started to creep up. i wanted to get back to the focus. the focus has always been that we would work with our event author