Public Financial Management Port of San Francisco Capital Cost Scenarios A Presentation and Discussion June 20, 2007

Public Financial Management 2 Capital Cost Scenarios  Pier 35 $67,992,459 Major substructure and superstructure repairs within five years Seismic upgrade may be triggered No changes to the shed No extension for longer vessels  Pier 27 - Option 2 $52,488,293 Renovate shed without structural changes No seismic upgrade  Pier 27 - Option 3$77,000,000 Pier extension for second berth Additional terminal space for second berth

Public Financial Management 3 Capital Cost Scenarios  Pier Option 1$235,614,614 Substructure rehab and seismic upgrade Extend northeast corner One berth at east face  Pier Option 2$327,087,347 Add additional pier extension for second berth

Public Financial Management 4 Potential Joint Use Scenarios  Trade shows Solid demand Scheduling conflicts  Special events Demand needs further study Unique space should stimulate demand

Public Financial Management 5 Potential Revenue Sources  Passenger charges$800,000 annually (200,000 $4)  Joint use revenues$500,000 annually (Special event net revenue)  Annual tax revenues $897,000 (From BAE report)  Total annual project revenues$2,197,000  Capitalized value$25,900,000

Public Financial Management 6 Gap Analysis