don't think that doesn't indicate there is a huge opportunity or that existing lease terms are well undermarket >> and the other question was, i guess, and this is really maybe a question for elaine is that i guess we're talking about here that some of these ground leases that it doesn't change the value on the port's balance sheet. so i would think when we negotiate a new ground lease, we don't put in the fair market value of what we think that ground lease is on balance sheet? we now have people paying us based on a fair market value, net present value, whatever way you calculate it and we're not changing the value on the balance sheet. >> good afternoon, president woo ho and commissioners, cfo for the report. government accounting standards require that we hold at transfer with appreciation. when we enter into a new ground lease, we wouldn't change the underlying values for finances, but of course show a change in the income statement. so it would should up in the income statement. >> given that this land is held in perpetuity for public trust we'll never have a chance to show what the true