tell us what existing city initiatives -- you know, this -- the schering economy working group will interface with or connect with, and how does it fit in with existing strategic goals and plans of the city? >> i think our director of environment in our city has issued a goal for 2020, being mission -- emission free, carbon neutral. that is something that when you think about the economic impact of these new business models, it can contribute quite greatly to that. i am going to answer the question a little bit differently -- i have been inspired by this space considerably. there's a lot more opportunity. cars, so many assets we have in our society. as a city, we own buildings, cubicles, museums, golf courses, so much that we have -- >> yes, but it is our property, right? >> yes. that is a very good point. stewards of these resources, and they are often underutilized resources, so how do we improve access to those? there is a lot to learn from this that could be applied to the public comments. >> thank you. let's open it up. do we have a microphone for people to come to? ok, we will just it o

what is really important about this is what you see here today the use of city services partner in with the community to eliminate the narcotics market that existed here and the crimes and the quality of life issues that were affected by this mccarhty says the investigation was launched after someone was a man was attacked in a robbery on the near north side. the man was walking east on erie street, near dearborn street early this morning. he was talking into his android phone when someone snatched the phone out of his hands. a second person hit him in the head with what the man told police felt like a brick. he was taken to the hospital in need of stitches. police said nobody is in custody. police issue an alert to people on the near west side.. after a u-i-c student was knocked unconscious and robbed tuesday night. the male victim was walking on the 400 block of south green street, less than a block away from campus. he was approached from behind by someone demanding money. although the student handed over his wallet.. the robber hit him in the head anyway and knocked him unconscious. no one is in custody --- anyone with information should cont

use existing city subsidies to subsidize the wealthiest hospital in san francisco. it makes no public policy since. -- no public policy sense. you have been given in our analysis of what needs to be changed in the development agreement. but the failure of any good -- the dollaree

city and the general fund does not change compared to what we saw there. this revenue would be sufficient to get us through the end of the year, operating at existing service levels. there are a couple reasons that we're asking for the supplemental. the two biggest categories of reasons our state and federal revenue losses and our spending pace, particularly with salary and benefits. the two largest issues on the revenue side again are items that you have heard about in previous reports. one is a delay in implementation of a state plan amendment that would allow us to draw down an additional revenues for mental health. that is about a $27 million impact to our general fund revenues compared to budget. we do anticipate that that is going to be implemented next year, and some of that funding has been rolled forward into the next year's budget. but it does create a hole in the current year compared to budget. the second major revenue issue is a loss of funding at laguna honda hospital. the governor's budget implemented a reduction to the daily rate for skilled nursing facilities. that has had a very significant impact at laguna honda. $30 million that is offs

use existing city subsidies to subsidize the wealthiest hospital in san francisco. it makes no public policy since. -- no public policy sense. you have been given in our analysis of what needs to be changed in the development agreement. but the failure of any good -- the dollar agreement skillfully negotiated by the city with its hands tied by the lack of analysis on the the eir, on the importance and impact of a jobs- housing imbalance. we're asking for a dynamic relationship between housing and jobs. that is the essence of sustainable development. that is the essence of smart growth, which this commission has adopted in plants from the market octavia to the eastern neighborhoods. you cannot abandon on a project- by-project basis broad city policy that seeks to strike it -- why are we allowing in this project and ownership program when the need is for net new housing units? and ownership program adds not one that new unit. we have a perfectly functioning downpayment assistance program. if they want to do ownership, make them contribute to the existing program, but why are we giving them credit? we are producing, in effect, less than 160 studio -- a net new studio uni

city's revitalization. >> we've created something that will enhance what already exists in atlantic city. i don't really see usity. it clearly broadens the offering and i think that's a very positive thing. >> analysts aren't to sure. their concern is revel will cannibalize customers and their money from other atlantic city properties. coming up on "closing bell," i'll have a lot more from my interview. meanwhile, i'll toss it back to you guys. >> very interesting stuff. we'll see you then. mary thompson in atlantic city this morning. let's get to the third hour of "squawk on the street." here's what you might have missed if you're just tuning in this morning. >> welcome to hour three of "squawk on the street." here's what's happening so far. >> cody is proposing to acquire avon for $23.25. it's a $19 stock. >> before the collapse will happen with mr. bernanke at the fed they're going to have to print money and print and print 57 and so what you can get is a bad economy with rising prices. >> coty's offer was rejected. it was opportunistic and not in the best interest of avon shareholders. >> i call on "mad mo

city. along the embarcadero, the project is lower than the existing 84-foot height limit. the urban design scheme came from the publicly sponsored ne waterfront land use plan study. that is what set the highest -- the public process. i cannot think of any project that has gone through more public participation than this one. there is no reason why this project should not go ahead and malfeasance -- many reasons why it should. the benefits to the public are huge. $9 million to the mayor's office of housing for affordable housing, and as we have heard, this is virtually the only source of money for moh that we have today. an additional $5 million in initial revenue. $30 million to the infrastructure finance district. $83 million in resources. 3/4 of an acre of open space, and a superb urban design and architecture statement. furthermore, activated sidewalks, and a developer that has a sterling reputation based on their past waterfront projects. as a professional planner, i am absolutely confident that it is complete and accurate and should be certified today that the ceqa findings should be adopted, and all of the other approvals that are on the agenda are appropriate and shoul