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<br />ECONOMIC OUTLOOK AND MAJOR INITIATIVES <br /> <br />In the City's downtown area which is encompassed by the Redevelopment Agency, the newly constructed <br />underground public parking garage and the related privately developed 20 screen cinema/retail complex <br />with 80,000 square feet of retail space opened for business during the summer of 2006. This new retail <br />complex currently houses Cost Plus World Market and the Shoe Pavilion. <br /> <br />CONTACTING THE AGENCY'S FINANCIAL MANAGEMENT <br /> <br />These Component Unit Financial Statements are intended to provide citizens, taxpayers, investors, and <br />creditors with a general overview of the Agency's finances. Questions about this Report should be directed <br />to the Finance Department, at 1017 Middlefield Road, Redwood City, California 94063. <br /> <br />7 <br />