. >> good afternoon, commissioners i'm kidnap i'm with valleytion. i have a power point presentation i'm loading up right now. sow there's kind of a running joke in the development community in san francisco that can take a a lot of time to see a project to fruition and this is the poster child of that statement. just to give you an idea background of the project it was first submitted in the year 2000 clinton was pointing and willie brown was mayor and i couldn't legally drink alcohol. it was submitted in the beginning as a big 5 story commercial building at 68 thousand square feet and had 68 thousand parker spaces and the desk was given in november 17th of 2000 but, of course, since 13 then e then there was the.com bubble and 9-1-1 happened to the project was on hold. so 2378 in 2005 it was resubmitted this time as a two building residential with 48 units and it was 52 thousand square feet 5 stories and zero bicycle spaces and the final negative desk was issued in 2005. but, of course, right now right after that in february 2006 had a moratorium so