how helpful it be to have this ability and will ultimately be cheaper for us as a city, if we're want to talk about what kind of interest that we will pay on a police revenue bonds? >> and can use a little bit more? is there any other factor besides timing about when you go through this revenue route? >> on this slide, we have open public space and in response to your question, we have a debt policy. we itemize the conditions on these issues where we have success, that have been beneficial to us. and conditions from under which we issue -- >> i will talk about this to give you a breakdown, the certificate of participation in the portfolio. this is 26% of the portfolio. this requires we do the analysis that demonstrates that this is beneficial for the city to homebuilding. in this instance, this is the savings of the general fund, with tens of millions of dollars. and we have the other big items. these are in the portfolio, a true general fund. the self supporting office space is revenue neutral, because the department's otherwise would have been renting. this really impact of the gene

cup will become a large economic boom, and we need to pay attention to how much that benefits us as a city. >> it looks like we are just about out of time, and it sounds like there is a lot happening in city hall today, so we are going to wrap this up. >> there is. >> always. are there any other issues or things you would like to share briefly with respect to your new position as supervisor, or thoughts you have about san francisco before we wrap up our conversation? >> i touched on it earlier. for me, personally, especially coming from my background outside of city government, i knew my role on all the economic activity in san francisco, focusing on jobs, but also, a lot of quality of life issues. young families, what is like to live here as a san francisco, and what we can do in city hall to make life better for san francisco residents. to me, that is a huge deal. i think we have lost focus on that in city hall over the past few years. it is something i want to focus on. to me, it is a huge priority, why i did this. i will be very true what i talk about on the campaign trail. representin

that would then help us as a city to be better prepared to meet those expectations, whether in the hospitality, restaurant, hotel -- it cetera. since you are the master planner here. what about hot air balloons over the bay watching the race? i am just saying. also, people coming from overseas, and all this distance, they do not mind paying. that is not to say that you want to discriminate against, and we certainly want the public to be able to view this and have access to it, but i do not see any issue of people who want to have better service paying for a covered stand. i have tickets that allow me to be here. and somebody could still come in for free. people are willing to pay. for good service. and corporation will pay to host customer is watching this as well. there are other things and you could do on the private side in addition to making sure the public has access to watch this great the event. >> we are looking at a lot of different areas, including shuttle access, taxi access. i think finding a different price points is something that we want to do to allow people to strategize in a

as a key strategy. obviously, a lot of potential conflicts with pedestrians and cars along this route, but it also offers us opportunities in that it is a fairly flat. in an otherwise hilly city. we are looking at different ways to allow people to have safe and secure areas to leave their bikes, if they have their own, but also look at ways to bring bicycle rental companies for the city's bike share pilot program. if people did not want to wait in line for a train, they could spend the day running their bicycle along the beautiful waterfront. frankly, when i visited the first time when i was 22, i rented a bike and rode across the golden gate bridge. this is something i am excited about and hope that we can deliver on as a valuable piece to our transportation strategy. satellite parking is another strategy we are looking at on a lot of different fronts. our goal is to generally discourage car use in close proximity to the water areas. what we're looking to do is to find higher volume parking opportunities further away so that we can use existing transit lines or other shuttle opportunities that would bring folks from those locations into the waterfront areas. there are some e

city as far as housing and energy efficiency and the whole green movement. it would be a wonderful opportunity for other communities and cities to look at us as an example. look, they were not doing so good in the beginning, but they kept with it and did a phenomenal job. i just want to say please keep in mind that it is a successful program. just because it is not as successful as you would like it to be is not any reason to reduce funds. i appreciate that. supervisor chu: thank you. we do have a question. supervisor kim? supervisor kim: this is a question for anyone in the program. if you can state who you are employed by and if it is full- time or part-time, and if you are a resident of san francisco. >> i live in sunnyvale, the bayview district. i'm a pre-apprenticeship program, so a lot of different organizations. a higher students such as myself to work with them. mostly those companies would like to hire students such as myself. it is full time work generally. it is sustainable work. its a good career move meant. supervisor kim: who is your pre-apprenticeship program coordinated by? >> jamie brewster. supervisor kim: thank you. supervisor chu: next

city of san francisco as a cultural destination city. the 16 million people from outside of san francisco visited us last year. and what will draw them to the region and the city, is the cultural richness that we have here in the city. we see this in public spaces throughout the city. in all disciplines, to the neighborhood cultural centers, this reputation as a cultural city really helps to bring all those people here, to help us to sustain the largest employment sector of the city, the hospitality industry. the hotel taxes and we capture the benefits, the direct benefits to the city of this interest in the city. and the hotel tax brings in 62% of what, in the current fiscal year, will go to the general fund. and only 20% will go back to the cultural sector. all the different things that we do there. some of this funding also goes to support housing. i think that as the supervisors are now considering all the different challenges that you are faced with in terms of balancing the budget and making decisions, it is important to remember that the cultural sector, this could be a net debt -- and net revenue gener

i want to take again this opportunity to thank the leaders in our city because you have shown us again and again how we can work as a city to build consensus, to collaborate, and to make sure those pension costs are kept within our means. thank you, again, labor, for being such a great partner in working with us. [applause] we also wanted to pay attention to our revenue side, to make sure that our house was solvent. so we are introducing today, as we have discussed in earlier weeks, a sales tax that will help us recover from whatever the state of california cannot accomplish. so i will entitle this to be a recovery sales tax. as all of you know, governor brown is attempting to extend the sales tax to make sure that the programs in the state can continue to be funded. we would like to introduce a local sales tax as an insurance and only as an insurance to make sure that if governor brown and the state of california is not able to extend that tax, either with its failure to be introduced or the failure of the election in november, that we will offer not an additional tax, not a new tax, but a tax to recover one half c

us a clean, green city. i want to acknowledge them as well. it is a team effort. not only the water enterprise, but the power enterprises making this a success. thank you to them and to everybody at the puc for making this happen. [applause] >> now we have a few gifts for the people who are speakers. then we will walk down and turn the valve. when it is totally open, it will bring in 2.5 million gallons a day into this reservoir. it holds 80 million gallons. it will take a month to fill up completely. you are welcome to come down. watch your step. we will make the last turn of the vowels. you will start to hear the rush of water going into the reservoir. [water rushing] >> many hands make light work. [water rushing] >> from our new headquarters building. the sfpuc is used to doing things. we build and maintain dams, treatment plants, transmission lines, water and sewer mains. at the same time, our staff has always been in rented headquarters. we thought it was time to own that, too. this is the time and place, 525 golden gate. this is a milestone in the project fo

us a clean, green city. i want to acknowledge them as well. it is a team effort.ot only the water enterprise, but the power enterprises making this a success. thank you to them and to everybody at the puc for making this happen. [applause] >> now we have a few gifts for the people who are speakers. then we will walk down and turn the valve. when it is totally open, it will bring in 2.5 million gallons a day into this reservoir. it holds 80 million gallons. it will take a month to fill up completely. you are welcome to come down. watch your step. we will make the last turn of the vowels. you will start to hear the rush of water going into the reservoir. [water rng

this is a city that has many thousands of small businesses. as someone who usedo run a small business, the city can do a much better job of nurturing that sector. that is part of the life blood of who we are as san franciscans. >> we could do better. are we on the right track? >> i think we are in a transition right now. we have an interim mayor and a new board of supervisors. i do think we have a new tone at city hall to move things forward. we have a lot of challenges we are facing. i am doing everything i can to put us back on track. >> let's talk about the role of sports in the city's economic future. are you happy with the plans for the america's cup? >> i have been a huge fan of the america's cup. i am proud of this board came together unanimously after a fairly contentious debate to support bringing the america's cup to san francisco in 2013. it is estimated it will not only be an incredible sporting event, not only showcase our city and the natural amphitheater of the bay, but it is estimated to bring in over $1 billion in economic activity with 8000 to 9

as a city. san francisco is seen as a leader in using technology to deliver better services. every department, as you have probably heard, through the budget hearings, are really trying to leverage technology now to better deliver services within that department. the public health department the medical records at, you have things that people are trying to do to leverage technology to provide better internal capabilities to their staff and to provide better accessibility, more unique applications, make our services easier access. the plan focuses a lot on taking advantage of the success we see, and what can government learn. we hear of this deadlock. what can government learn from the successes of technology. we are the hub here in san francisco of a lot of tech firms. we meet often with these very successful entrepreneur is a technology companies and try to learn from them what we're doing. san francisco, for example, we are one of the leading ones that uses facebook to connect to our citizens. we write applications so people can use applications that they are used to using

city starts to operate, they will say, why did we not do this before? it is a wonderful thing for the environment, the city, a wonderful thing for us being chosen as a builder. i am wearing a hard hat because i am a contractor, that is what we do. i want to thank my team. they are doing a wonderful job. [applause] recognize that this is not an easy building. it is a innovative and complex structure. the first time it has been done here. there is a very sophisticated mechanical system. we have some great consultants here. it is always a pleasure to work with a team at the department of public works. you are wonderful to be with. edgar, we have done this before. brooke, you as well. ed harrington, when he came into this position, he said this building would be too much. we brought it down to $140 million, kept it as lede platinum. everyone on this team is absolutely first class. it is a pleasure partner with the city. we are in good hands with mayor lee. he recognizes the importance of this kind of structure and it is always great to work with the city of san francisco and the mayor's office. thank you. [applause] >> thank you. just in time, the son has come