we happily we received a $50 million from the federal transit administration to support the project. part of that funding will be passed over to the authority and part of our previously prop 8 funds will be passed over to mta. this is all to cover some of the work already happened and budgeted for back in the 2010 appropriation as well as reflect the past year. over the past year, the agencies have all done significant work to refine and develop the locally preferred alternative both agencies have been incurred a bit of additional cost. we have also added more consultant support to the budget. the memorandum of agreement will also update the project budget to add about $1.1 million of total project budget to bringing total project cost up to $6.7 million range. again, this additional cost is fully covered by the federal transit administration grant and no additional funding is being sought today. finally this memorandum of agreement, the amendment to this mla provides for the milestone-based transition of the project from the authority to the mta. the idea is that following the board

we're doing that with meetings with the transportation authority, the federal transit administration to keep them up to speed on what we're proposing and why we're proposing it. in concept, we're always looking for a better way to mitigate construction disruption. and, so, the current approach is to evaluate what i believe to be a very good option to explore and will be bringing along our funding partners to support us in that decision. >> [speaker not understood]. let's hear from members of the public. i'm sorry, captain chu from supervisor david chiu's office. good afternoon, mr. chu. >> good afternoon. thank you very much, chair nolan, members of the board of directors and director of transportation rifkin. i'm legislative aid for board of supervisors president and district 3 supervisor david chiu. and i'm going to keep my comments relatively brief. you've already covered quite a bit of ground. we want you to hear from our neighbors and businesses in district 3 and the north beach in particular. we have come a long way since may and i want to very much appreciate director rifkin's

transit systems like this. we need to invest in the systems that we have but expand the growth of tomorrow, so let me just say it's very easy for me as federal transit administrator to stand up and make these speeches but i want recognize the people that really made it happen. would everyone stand up that has been working on this project for the last two decades? [applause] these are the people that do the environmental work, the planning, the staging, the construction planning, the contracting. these are the people that made it work, the board members. thank you for all your leadership. thank you to all the leaders up here. we are going to reinvest in the system that we have and maybe great investment for jobs and prosperity for tomorrow. thank you. [applause] >> thank you peter. we should get you up more whenever we win games. well, next up to bat president of our board of supervisors, supervisor of district three where the greatest impact in the neighborhoods will be felt in a positive way for central subway. someone who doesn't own a car. rides his bike everywhere and takes public transportation and learn to riding a bike at night and watching out for everybo

>> it would -- the environmental approvals from both the planning department and the federal transit administration, i met briefly with the fta this morning to discuss the topic and they're fully briefed on this report presented to you today. and i should have at least a preliminary review from the fta by the end of this week. >> those are the only three approvals -- >> and funding, and additional local funding. >> would that be the ta here we're talking about? >> we have not yet identified funding source. >> okay, thank you. other questions before we hear from the public? >> yes. just to clarify, 3 [speaker not understood]. it says it would be encased in concrete and it would be more difficult to continue the tunnel along if we were to continue to north beach or fisherman's wharf in the future. is that correct? >> i believe, director brinkman, you're referring to option 3. >> yes. >> the benefits of option 3, it does allow the construction of 3,000 feet of critical thank youerctionv that could make the possibility of an extension be real. >> right. >> the downside of option 3 is that in order to a

the way we rated and evaluated capital transit projects of the more good ideas could fit into the federal funding pipeline. i want to especially thank peter rogoff and his team, the federal transit administration for making this happen in continuing to push it. i'm proud to say he delivered on our promise. our new streamlined approach will ensure that local officials who know best what their communities need and invest in infrastructure that we need now. and i have said many times before safety is our number one priority. many of you have heard me say thousands of people today boarded planes, buses, trains, automobiles, without thinking about whether the plane was safe for the pilot was well-trained or the train driver of the bus driver was properly licensed or the bus company was properly licensed. that is what we think about at d.o.t.. every day all of us worry about safety so the american people don't have to worry about it. in 2011 the nation saw the lowest number and rate of death on our nation's highways due to safer vehicles, improved awareness of safety and strong enforcement. over the last four years we have worked with our partners who have encouraged people to buckle up come can't g

addition, under governor christie's leadership, we work with the federal emergency management agency, u.s. dot, the federal transit administration and partners to immediately implement extensive intranet bus service, ferry service and other services to continue to deliver essential public transportation to our region's transit riders. but thank you sandy has shown we cannot merely restore our rail and other infrastructure to its previous state. that would leave us only global to the next storm. it's storm. its core we must go further and make the rail and other transit modes more resistant in the face of future superstars. though steps will require additional resources. we've identified $1.2 billion in resiliency and restoration projects that would be eligible under fta's emergency assistance program. projects that would improve arts systems are built to withstand storms of all types, not just super storms that mimic sandy's punishing search. let me quickly outlined a few of these projects for you. more than 25% of our rail fleet, about 350 railcars and locomotives, were damaged during superstorm sandy. most from flooding, ma ou

the way we rated and evaluated capital transit projects so that more good ideas could get into the federal funding pipeline. i want to especially thank peter rogoff and his team at the federal transit administration for making this happen, for con continuing to push it. i'm proud to say we deliver on our promise. our new streamlined approach will insure that local officials who know best what their communities need can invest in infrastructure that we need now. and i've said many times before, safety is our number one priority. many of you have heard me say, thousands of people today boarded planes, buses, trains, automobiles without thinking about whether the plane was safe or the pilot was well-trained or the train driver or the bus driver was properly licensed or the bus company was properly licensed. that is what we think about at dot. every day, all of us, worry about safety. so the american people don't have to worry about it. in 2011 the nation saw the lowest number and rate of death on our nation's highways due to safer vehicles, improved awareness of safety and strong enforcement. over the last four years we worked with our partners to encourage people to buckle up, to get drunk drivers

the federal reserve which people speculated on. this is a moment of transition in his life for the administration.ng chief of staff replacing jack lou who was replacing tim geithner at treasury. the president will announce it in 20 minutes from now inside the white house. >> we look forward to that. as i said before on the air you made prescient calls all year lo long. do you think geithner is headed for the fomc or not? >> i don't know the answer to that. i couldn't speculate. >> all right. i love it when you don't know, you say so, john. john harwood in washington. tim geithner certainly not the first of treasury's bailout alums to say good-bye. with many investments turning a profit could the bailout class see a newfound resurgence of power and popularity. kayla looks at where they are now. >> two years ago we would have said it would be impossible. but things changed. we know the most prominent bailout alum is neil cashkari who's announcing he could run for office in california. on neel kashkari.com he looks at his financial savvy. bailout politics got much play during the 2012 campaign. most

the transit agency says it will increase shopper turnover. >>> there is a law meant to protect students from harassment. still ahead at 6:00, our investigative unit finds that by failing to uphold that federal law, administratorsbay area school fail to protect little girls from an alleged predatory teacher. >>> there is a federal law intended to protect students in cases of sexual harassment and sexual abuse. it is a law that was ignored by a bay area school at the center of a molestation case involving teacher craig chandler. he heads to trial later this month. now the principal of that school has already been convicted of not reporting the abuse allegations to police. now investigative reporter jenna susko shows us that the school district violated title ix by not having policies in place or a person trained to sexual abuse cases. >> do you believe that some of these children would not be victims right now if the school district had simply followed the law? >> without a doubt. >> no doubt in my mind. >> reporter: bob allard and paul are bay area attorneys, simply representing alleged victims in civil cases against evergreen and chandler. we showed them what we uncovered. >> had they paid attention to, that w