teatro zinzanni is a former tenant in good standing. it was relocated from pier 29 and was displaced to make place for the america's cup. therefore, teatro zinzanni and the port mutually identified a small portion of the site as a potential location site for teatro. they then sought broad public input on their design for that small portion of the site with a series of temporary structures focused on the historic spiegel tent and for a short-term lease. the feedback that teatro received from the community was that temporary structures are not compatible to the historic district. to respond to this feedback, teatro to build a project fitting the district, they realized they'd need the help to undertake such a larger project that requires more money, more resources, including land area, more development expertise and more lease turn to recoup their investment to make it all work. teatro proposed a development that covers the entire seawall lot 324 and two other adjacent parcels. it includes a theater space for teatro zinzanni and a private

make the very best project we can that will bring a new hotel back to the waterfront, will bring teatro zinzanni back to the waterfront and we hope will be a great addition to the waterfront and our city at large. so i'm going to turn it over to mark hornberger to talk about some of the real issues you care about. thanks. >> okay. thank you. for the record, mark hornberger, and i'm the