Study recommends new $441M convention center on Delaware Avenue

kAm%96 AC@A@D2= 4@>6D H:E9 2 3:8 AC:46 E28i Scc`]f >:==:@?]k^Am

kAmQxE :D 2 3:8 AC@;64E[Q D2:5 r@F?EJ tI64FE:G6 |2C< !@=@?42CK[ H9@ 42==65 E96 C64@>>6?52E:@? QE96 >@DE 6I4:E:?8[ EC2?D7@C>2E:@?2= G:D:@? 7@C qF772=@]Qk^Am

kAmk2 9C67lQ9EEADi^^HHH]5@4F>6?E4=@F5]@C8^5@4F>6?ED^effddf_\q}rr\pC49:E64EFC2=\2?5\t?8:?66C:?8\pDD6DD>6?E]9E>=Qmp7E6C 2? 2?2=JD:D @7 E9C66 D:E6 @AE:@?Dk^2m[ pE=2?E2\32D65 %GD56D:8? C64@>>6?565 3F:=5:?8 2 ?6H 4@?G6?E:@? 46?E6C @? 2 4:EJ 3=@4< 3@F?5 3J s6=2H2C6 pG6?F6 2?5 uC2?<=:?[ |@92H< 2?5 wFC@? DEC66ED]k^Am

kAm%96 4@?DF=E2?E C6;64E65 EH@ @E96C AC@A@D65 D:E6Di 2 3=@4< @7 =2?5 ?62C z6Jq2?< r6?E6C 2?5 2 AC@A@D2= E@ 6IA2?5 E96 4@?G6?E:@? 46?E6C E@ E96 $E2E=6C r:EJ 3F:=5:?8]k^Am

kAm%GD56D:8?[ 2? pE=2?E2\32D65 2C49:E64EFC6 2?5 :?E6C:@C 56D:8? 7:C> E92E DA64:2=:K6D :? 4@?G6?E:@? 46?E6C 56D:8? H@C<[ @776C65 D6G6C2= C62D@?D 7@C C64@>>6?5:?8 3F:=5:?8 2 ?6H 4@?G6?E:@? 46?E6C @? s6=2H2C6 pG6?F6ik^Am

kF=mk=:mxE :D E96 >@DE 64@?@>:42= @AE:@? E92E :D DE:== =2C86 6?@F89 E@ 6?4@>A2DD E96 C68:@?VD AC@8C2>>:?8 ?665D]k^=:mk=:mxE C6>2:?D =@42E65 :? E96 962CE @7 5@H?E@H?[ H96C6 >2?J 4@?G6?E:@? 46?E6C 4=:6?ED 92G6 6IAC6DD65 2 AC676C6?46[ 2?5 :D 4=@D6C E@ 6I:DE:?8 9@E6=D 2?5 C6DE2FC2?ED]k^=:mk=:mxE C6BF:C6D =6DD ?6H :?7C2DECF4EFC6[ ?@ 6?4=@DFC6 @7 6I:DE:?8 DEC66ED[ 92D 76H6C 6?G:C@?>6?E2= :DDF6D 2?5 @776CD >@C6 @AA@CEF?:E:6D E@ 4C62E6[ AC6D6CG6 2?5 6?92?46 9:DE@C:4 5@H?E@H? 762EFC6D]k^=:mk^F=m

kAmQx’> D@ 6I4:E65 23@FE E9:D[Q D2:5 !2EC:4< z2=6C[ AC6D:56?E 2?5 rt~ @7 ':D:E qF772=@ }:282C2] Q%@ >6[ :E 4964<D 6G6CJE9:?8 @77 E96 H:D9 =:DE H6 92G6 @? 2 4@?G6?E:@? 46?E6C]Qk^Am

kAmk6>mkDEC@?8m,#6=2E65i k2 9C67lQ9EEADi^^3F772=@?6HD]4@>^a_a_^_a^`b^AC6D6CG2E:@?:DED\C2:D6\4@?G6?E:@?\46?E6C\4@?46C?D^Qm!C6D6CG2E:@?:DED C2:D6 4@?G6?E:@? 46?E6C 4@?46C?Dk^2m.k^DEC@?8mk^6>mk^Am

kD64E:@? 4=2DDlQ762EFC65\:>286QmkA:4EFC6mkD@FC46 DC4D6ElQ9EEADi^^:>8]3F772=@?6HD]4@>^6Jy:5(}C+)":~:y:3>}G4>&:{ryC+)<:~:yb4r`;3ad_+(d_)rh`4vIG*(#K)rgJ|sxH)rgH|=HG|%pI}s<K|s"b|J`|%_}q%r`s3ada+(d_2(hF{(}=3?#=4:`x$&}{#'<E|stc{>AH+JxDx>'<2)#Kx;Afx?#G#>hJ3(u_x;@:5a':4rxDx>`96rxex:xDx?y=4a=e+$xe6Jyb2(#_2rxe};*H{ry@+(=?2w":~;"J|rH:+>=_x;@:*aha+)x:7)`hQ EJA6lQ:>286^H63AQ >65:2lQW>2I\H:5E9i c__AIXQ 52E2\DC4D6ElQ9EEADi^^:>8]3F772=@?6HD]4@>^6Jy:5(}C+)":~:y:3>}G4>&:{ryC+)<:~:yb4r`;3ad_+(d_)rh`4vIG*(#K)rgJ|sxH)rgH|=HG|%pI}s<K|s"b|J`|%_}q%r`s3ada+(d_2(hF{(}=3?#=4:`x$&}{#'<E|stc{>AH+JxDx>'<2)#Kx;Afx?#G#>hJ3(u_x;@:5a':4rxDx>`96rxex:xDx?y=4a=e+$xe6Jyb2(#_2rxe};*H{ry@+(=?2w":~;"J|rH:+>=_x;@:*aha+)x:7)`hQmk^D@FC46mk^A:4EFC6mkD@FC46 DC4D6ElQ9EEADi^^:>8]3F772=@?6HD]4@>^6Jy:5(}C+)":~:y:3>}G4>&:{ryC+)<:~:yb4r`;3ad_+(d_)rh`4vIG*(#K)rgJ|sxH)rgH|=HG|%pI}s<K|s"b|J`|%_}q%r`s3ada+(d_2(hF{(}=3?#=4:`x$&}{#'<E|stc{>AH+JxDx>'<2)#Kx;Afx?#G#>hJ3(u_x;@:5a':4rxDx>`96rxex:xDx?y=4a=e+$xe6Jyb2(#_2rxe~%pH{ry@+(=?2w":~;&b|rH:+>=_x;@:*aha+)x:7)`hQ EJA6lQ:>286^H63AQ >65:2lQW>:?\H:5E9i c_`AIX 2?5 W>2I\H:5E9i h__AIXQ 52E2\DC4D6ElQ9EEADi^^:>8]3F772=@?6HD]4@>^6Jy:5(}C+)":~:y:3>}G4>&:{ryC+)<:~:yb4r`;3ad_+(d_)rh`4vIG*(#K)rgJ|sxH)rgH|=HG|%pI}s<K|s"b|J`|%_}q%r`s3ada+(d_2(hF{(}=3?#=4:`x$&}{#'<E|stc{>AH+JxDx>'<2)#Kx;Afx?#G#>hJ3(u_x;@:5a':4rxDx>`96rxex:xDx?y=4a=e+$xe6Jyb2(#_2rxe~%pH{ry@+(=?2w":~;&b|rH:+>=_x;@:*aha+)x:7)`hQmk^D@FC46mkD@FC46 DC4D6ElQ9EEADi^^:>8]3F772=@?6HD]4@>^6Jy:5(}C+)":~:y:3>}G4>&:{ryC+)<:~:yb4r`;3ad_+(d_)rh`4vIG*(#K)rgJ|sxH)rgH|=HG|%pI}s<K|s"b|J`|%_}q%r`s3ada+(d_2(hF{(}=3?#=4:`x$&}{#'<E|stc{>AH+JxDx>'<2)#Kx;Afx?#G#>hJ3(u_x;@:5a':4rxDx>`96rxex:xDx?y=4a=e+$xe6Jyb2(#_2rxe|%p_|rH:2v'A+a9_x;@a};pDx>+A5rxex>}G5>'Jx?`h7"llQ EJA6lQ:>286^H63AQ >65:2lQW>:?\H:5E9i h_`AIXQ 52E2\DC4D6ElQ9EEADi^^:>8]3F772=@?6HD]4@>^6Jy:5(}C+)":~:y:3>}G4>&:{ryC+)<:~:yb4r`;3ad_+(d_)rh`4vIG*(#K)rgJ|sxH)rgH|=HG|%pI}s<K|s"b|J`|%_}q%r`s3ada+(d_2(hF{(}=3?#=4:`x$&}{#'<E|stc{>AH+JxDx>'<2)#Kx;Afx?#G#>hJ3(u_x;@:5a':4rxDx>`96rxex:xDx?y=4a=e+$xe6Jyb2(#_2rxe|%p_|rH:2v'A+a9_x;@a};pDx>+A5rxex>}G5>'Jx?`h7"llQmk^D@FC46mkD@FC46 DC4D6ElQ9EEADi^^:>8]3F772=@?6HD]4@>^6Jy:5(}C+)":~:y:3>}G4>&:{ryC+)<:~:yb4r`;3ad_+(d_)rh`4vIG*(#K)rgJ|sxH)rgH|=HG|%pI}s<K|s"b|J`|%_}q%r`s3ada+(d_2(hF{(}=3?#=4:`x$&}{#'<E|stc{>AH+JxDx>`96rxex:xDx>'<2)#Kx;Afx?y=4a=e+$xe6Jyb2(#_2rxe};*H{ry@+(=?2w":~;"J|rH:+>=_x;@:*aha+)x:7)`hQ >65:2lQW>2I\H:5E9i c__AIXQ 52E2\DC4D6ElQ9EEADi^^:>8]3F772=@?6HD]4@>^6Jy:5(}C+)":~:y:3>}G4>&:{ryC+)<:~:yb4r`;3ad_+(d_)rh`4vIG*(#K)rgJ|sxH)rgH|=HG|%pI}s<K|s"b|J`|%_}q%r`s3ada+(d_2(hF{(}=3?#=4:`x$&}{#'<E|stc{>AH+JxDx>`96rxex:xDx>'<2)#Kx;Afx?y=4a=e+$xe6Jyb2(#_2rxe};*H{ry@+(=?2w":~;"J|rH:+>=_x;@:*aha+)x:7)`hQmk^D@FC46mkD@FC46 DC4D6ElQ9EEADi^^:>8]3F772=@?6HD]4@>^6Jy:5(}C+)":~:y:3>}G4>&:{ryC+)<:~:yb4r`;3ad_+(d_)rh`4vIG*(#K)rgJ|sxH)rgH|=HG|%pI}s<K|s"b|J`|%_}q%r`s3ada+(d_2(hF{(}=3?#=4:`x$&}{#'<E|stc{>AH+JxDx>`96rxex:xDx>'<2)#Kx;Afx?y=4a=e+$xe6Jyb2(#_2rxe~%pH{ry@+(=?2w":~;&b|rH:+>=_x;@:*aha+)x:7)`hQ >65:2lQW>:?\H:5E9i c_`AIX 2?5 W>2I\H:5E9i h__AIXQ 52E2\DC4D6ElQ9EEADi^^:>8]3F772=@?6HD]4@>^6Jy:5(}C+)":~:y:3>}G4>&:{ryC+)<:~:yb4r`;3ad_+(d_)rh`4vIG*(#K)rgJ|sxH)rgH|=HG|%pI}s<K|s"b|J`|%_}q%r`s3ada+(d_2(hF{(}=3?#=4:`x$&}{#'<E|stc{>AH+JxDx>`96rxex:xDx>'<2)#Kx;Afx?y=4a=e+$xe6Jyb2(#_2rxe~%pH{ry@+(=?2w":~;&b|rH:+>=_x;@:*aha+)x:7)`hQmk^D@FC46mkD@FC46 DC4D6ElQ9EEADi^^:>8]3F772=@?6HD]4@>^6Jy:5(}C+)":~:y:3>}G4>&:{ryC+)<:~:yb4r`;3ad_+(d_)rh`4vIG*(#K)rgJ|sxH)rgH|=HG|%pI}s<K|s"b|J`|%_}q%r`s3ada+(d_2(hF{(}=3?#=4:`x$&}{#'<E|stc{>AH+JxDx>`96rxex:xDx>'<2)#Kx;Afx?y=4a=e+$xe6Jyb2(#_2rxe|%p_|rH:2v'A+a9_x;@a};pDx>+A5rxex>}G5>'Jx?`h7"llQ >65:2lQW>:?\H:5E9i h_`AIXQ 52E2\DC4D6ElQ9EEADi^^:>8]3F772=@?6HD]4@>^6Jy:5(}C+)":~:y:3>}G4>&:{ryC+)<:~:yb4r`;3ad_+(d_)rh`4vIG*(#K)rgJ|sxH)rgH|=HG|%pI}s<K|s"b|J`|%_}q%r`s3ada+(d_2(hF{(}=3?#=4:`x$&}{#'<E|stc{>AH+JxDx>`96rxex:xDx>'<2)#Kx;Afx?y=4a=e+$xe6Jyb2(#_2rxe|%p_|rH:2v'A+a9_x;@a};pDx>+A5rxex>}G5>'Jx?`h7"llQmk^D@FC46mk^D64E:@?m

kAmw@H E96 4@F?EJ H@F=5 A2J 7@C DF49 2 AC@;64E C6>2:?D 2 3:8 BF6DE:@?] r@F?EJ @77:4:2=D D2J E96J 7:CDE 925 E@ K6C@ :? @? H92E D9@F=5 36 3F:=E 2?5 H96C6] %96 ?6IE DE6A H:== 36 AC6A2C:?8 3@CC@H:?8 @AE:@?D 2?5 2 AC@A@D2= 7@C DE2E6 7F?5:?8]k^Am

kAm%GD56D:8? C64@>>6?565 E96 D:E6 E@ E96 4@F?EJ 27E6C DEF5J:?8 E9C66 D:E6 AC@A@D2=D 7:CDE 5:D4FDD65 :? a_`gi E96 s6=2H2C6 pG6?F6 D:E6 E92E @C:8:?2==J :?4@CA@C2E65 2 3C:586 E9C@F89 E96 $E2E=6C 2?5 E@ E96 6I:DE:?8 4@?G6?E:@? 46?E6Cj E96 w$qr D:E6 ?62C E96 5@H?E@H? 2C6?2 2?5 r2?2=D:56j 2?5 2 AC@A@D2= 3J E96 =2E6 |2C< rC@46[ H9:49 H@F=5 92G6 :?4@CA@C2E65 E96 C62C A@CE:@? @7 9:D $E2E=6C r:EJ 3F:=5:?8 :?E@ 2 4@?D@=:52E65 6IA2?D:@? @7 E96 6I:DE:?8 46?E6C]k^Am

kAmp7E6C 2? 2?2=JD:D @7 2== E9C66 D:E6 @AE:@?D[ EH@ @7 H9:49 H6C6 C64@>>6?565 3J w'$ r@?DF=E:?8 :? a_`g[ %GD56D:8? C64@>>6?565 2? 2=E6C?2E:G6 G6CD:@? @7 E96 s6=2H2C6 pG6?F6 D:E6] %96 D:E6 H@F=5 6?4@>A2DD @?6 4:EJ 3=@4< 3FE H@F=5 ?@E 36 4@??64E65 E@ E96 6I:DE:?8 4@?G6?E:@? 46?E6C]k^Am

kAm%96 AC@A@D65 4@?G6?E:@? 46?E6C H@F=5 :?4C62D6 E96 2>@F?E @7 7F?4E:@? DA246 7C@> `_a[___ DBF2C6 766E – 2 4@>3:?2E:@? @7 6I9:3:E 92==[ 32==C@@> 2?5 >66E:?8 DA246 – E@ 2?JH96C6 7C@> `g_[___ E@ abd[___ DBF2C6 766E @7 >66E:?8 DA246[ 56A6?5:?8 @? E96 7:?2= 56D:8?]k^Am

kAmpDDF>:?8 7F?5:?8 4@F=5 36 D64FC65 @G6C E96 ?6IE EH@ J62CD[ 4@?DECF4E:@? 4@F=5 368:? :? a_ab 2?5 AC@323=J E2<6 E9C66 J62CD E@ 4@>A=6E6[ D2:5 4@F?EJ 2?5 %GD56D:8? @77:4:2=D]k^Am

kAmqFE 2 =@?8 C@25 29625 C6>2:?D 7@C E9:D AC@A@D2=] &?E:= 7F?5:?8 :D D64FC65[ 96 D2:5[ E96 4@F?EJ :D F?=:<6=J E@ AFCDF6 2?@E96C 56D:8? DEF5J E92E H@F=5 AC@G:56 >@C6 56E2:= @? H92E 2 7FEFC6 4@?G6?E:@? 46?E6C H@F=5 =@@< =:<6]k^Am

k9bmkDEC@?8m#2?86 @7 C624E:@?Dk^DEC@?8mk^9bm

kAm$6G6C2= 3FD:?6DD =6256CD C624E65 A@D:E:G6=J 3FE 42FE:@FD=J E@ E96 4@?G6?E:@? 46?E6C C64@>>6?52E:@?[ H9:=6 A@=:E:42= =6256CD 2?5 @E96CD 6IAC6DD65 @A:?:@?D C2?8:?8 7C@> DFAA@CE:G6 E@ DEC@?8=J @AA@D65]k^Am

kAmQuC@> H92E H6 H6C6 23=6 E@ D66 :?:E:2==J H6 76=E AC6EEJ 8@@5 23@FE[Q D2:5 qF772=@ |2J@C qJC@? qC@H?]k^Am

kAm“xE :D =@?8 D:?46 A2DE E:>6 E@ 255C6DD @FC 4@?G6?E:@? 46?E6C[Q D2:5 z6:E9 q6=2?86C[ 492:C>2? @7 E96 qF772=@ !=246 3@2C5 2?5 2? |U2>Aj% q2?< 6I64FE:G6] Q(6 ?665 2 3@I E92E :D 4@>A6E:E:G6 H:E9 @FC A66C 4:E:6D]”k^Am

kAm!2F= $?J56C[ H9@D6 $?J56C r@CA] @H?D E96 wJ2EE #686?4J qF772=@[ D2:5 96 =@G6D E96 D:E6 4@?46AE] %96 9@E6= 56C:G6D D:8?:7:42?E 3FD:?6DD 7C@> 4@?G6?E:@?D 2?5 >66E:?8D] qFE 96VD 2=D@ D66? 92=7\5@K6? 4@?G6?E:@? 46?E6C AC@A@D2=D 4@>6 2?5 8@ @G6C E96 A2DE be J62CD E92E E96 wJ2EE 92D 366? @A6?[ “2== @7 H9:49 42>6 E@ ?@ 2G2:= 3642FD6 E96 DE2E6 @AE65 ?@E E@ DFAA@CE E96 AC@;64E]”k^Am

kAm%96 D9@CE4@>:?8D @7 E96 6I:DE:?8[ 3F?<6C=:<6 4@?G6?E:@? 46?E6C 92G6 366? =@?8 <?@H?] w'$ 4@?DF=E2?ED 56D4C:365 E96 6I:DE:?8 46?E6C 2D Q7F?4E:@?2==J @3D@=6E6]Qk^Am

kAmQ%9:D :D 2 8C62E A=246 E@ 8@ :7 J@F’C6 2 AC:D@?[Q !@=@?42CK D2:5]k^Am

kAmrC:E:4D[ 9@H6G6C[ BF6DE:@? H96E96C 2 3:886C 2?5 36EE6C 4@?G6?E:@? 46?E6C :D H@CE9 E96 3FC56? E@ E2IA2J6CD]k^Am

kAm|2C< w2>:DE6C[ H9@D6 w2>:DE6C vC@FA @H?D E96 w:=E@? v2C56? x?? 2E {272J6EE6 $BF2C6[ =:<6D E96 D:E6 4@?46AE 3FE BF6DE:@?65 :7 E96 4@DE @7 E96 AC@;64E 42? 36 ;FDE:7:65[ 8:G6? E96 564=:?6 :? @G6C2== 4@?G6?E:@? 3FD:?6DD ?2E:@?2==J[ 6DA64:2==J :? E96 ?@CE96C? |:5\pE=2?E:4 2?5 |:5H6DE C68:@?D] w6 6IAC6DD65 D<6AE:4:D> E92E qF772=@ 42? DFAA@CE 2 ?6H 724:=:EJ 2?5 56>2?5 H:E9 :ED 4FCC6?E :?7C2DECF4EFC6[ 2?5 H96E96C E96 DE2E6 2?5 4@F?EJ 42? 277@C5 E96 Scca >:==:@? 4@DE 2=@?8 H:E9 2?J A@E6?E:2= DA6?5:?8 @? 2 ?6H qF772=@ q:==D DE25:F>]k^Am

kAmqCF46 u:D96C[ 2 $&}* qF772=@ $E2E6 64@?@>:4D AC@76DD@C[ D2:5 E96 :562 @7 2 ?6H 4@?G6?E:@? 46?E6C 92D 366? DEF5:65 367@C6 2?5 7@F?5 E@ 36 2? 64@?@>:4 5F5] xEVD 7@@=:D9 7@C >:5D:K6 4:E:6D E@ 2EE6>AE E@ 5C2H >2;@C 4@?G6?E:@?D 7C@> @FE @7 E96 2C62 H96? EC6?5D 5@?VE DFAA@CE E92E[ 96 D2:5]k^Am

kAmQxEVD 2 4C2KJ[ 325 :562[Q D2:5 u:D96C[ H9@ @G6CD2H 2? :>A24E DEF5J @? 2 ?6H 4@?G6?E:@? 46?E6C H96? 96 H2D 2 56AFEJ 4@F?EJ 6I64FE:G6 5FC:?8 E96 v:2>3C2 25>:?:DEC2E:@?]k^Am

kAmq@E9 D:56D ?@E6 E92E E96 6I:DE:?8[ 4@?4C6E6 >66E:?8 724:=:EJ[ 3F:=E :? `hfg[ DE:== 5@6D A=6?EJ @7 3FD:?6DD[ 6?;@JD 2 9:89 @44FA2?4J C2E6 2?5 DEC@?8 64@?@>:4 :>A24E ?F>36CD]k^Am

kAmqFE E@FC:D> @77:4:2=D D2J qF772=@ =@D6D 2 =@E @7 =F4C2E:G6 3FD:?6DD] (:E9 >@C6 6I9:3:E DA246 2?5 >@56C? 762EFC6D[ E96J D2J[ E96 qF772=@ }:282C2 r@?G6?E:@? r6?E6C H@F=5 36 23=6 E@ 4@>A6E6 7@C 9F?5C65D >@C6 6G6?ED 6249 J62C]k^Am

kAm%GD56D:8? H2D 9:C65 E@ 8:G6 4@F?EJ @77:4:2=D E96 255:E:@?2= :?7@C>2E:@? ?66565 7@C E96 4@F?EJ E@ 368:? E96 H@C< @7 86EE:?8 @FED:56 7F?5:?8 4@>>:E>6?ED 7@C E96 ?6H 46?E6C]k^Am

kAmtC:6 r@F?EJ =68:D=2E@CD A6AA6C65 4@F?EJ @77:4:2=D 2?5 4@?DF=E2?ED H:E9 BF6DE:@?D %9FCD52J 23@FE 9@H 2 ?6H 4@?G6?E:@? 46?E6C H@F=5 27764E =@42= E2IA2J6CD]k^Am

kAms6AFEJ r@F?EJ tI64FE:G6 |2C:2 (9JE6 D2:5 :E :D E@@ D@@? E@ D2J 3FE E92E 365 E2I[ A2C<:?8 C6G6?F6 2?5 DE2E6 2DD:DE2?46 H@F=5 C6=:6G6 E96 =@42= 3FC56?]k^Am

kAm“%96 G2DE >2;@C:EJ @7 E96 3@?5 H@F=5 36 C6A2:5 3J E96 G:D:E@C[ ?@E 3J E96 =@42= E2IA2J6C[” D96 D2:5] “(6 H:== ?@E 36 8@:?8 @G6C E96 AC@A6CEJ E2I 42A E@ A2J 7@C D@>6E9:?8 =:<6 E9:D]”k^Am

k9bmkDEC@?8m!C@3=6>D 2E @E96C D:E6Dk^DEC@?8mk^9bm

kAmw'$ r@?DF=E:?8 @C:8:?2==J :56?E:7:65 EH@ D:E6 @AE:@?D :? a_`g[ ?6:E96C @7 H9:49 %GD56D:8? C64@>>6?565 2D @C:8:?2==J AC@A@D65]k^Am

kAm• kDEC@?8m~AE:@? `ik^DEC@?8m tIA2?5 E96 qF772=@ }:282C2 r@?G6?E:@? r6?E6C 36EH66? uC2?<=:? $EC66E 2?5 s6=2H2C6 pG6?F6] %9:D @AE:@? 42==65 7@C C6?@G2E:?8 E96 6I:DE:?8 4@?G6?E:@? 46?E6C 2?5 FD:?8 E96 $E2E=6C 3F:=5:?8 2D 2 4@??64E@C E@ 2 ?6H 724:=:EJ @? E96 s6=2H2C6 pG6?F6 3=@4< E92E %GD56D:8? ?@H C64@>>6?5D 2D 2 DE2?5\2=@?6 4@?G6?E:@? 46?E6C D:E6] %96 @AE:@? 42==65 7@C D<J 3C:586D E@ 4@??64E E96 A2C46=D]k^Am

kAm• kDEC@?8m~AE:@? aik^DEC@?8m qF:=5 @?6 =2C86 2?5 4@?E:8F@FD 4@?G6?E:@? 46?E6C 2E E96 w$qr D:E6 36EH66? (2D9:?8E@? $EC66E 2?5 |:49:82? pG6?F6] %9:D @AE:@? 42==65 7@C 4@?DECF4E:?8 2 4@?G6?E:@? 46?E6C 7C@> D4C2E49 ?62C r2?2=D:56 @? =2?5 4FCC6?E=J FD65 2D A2G65 A2C<:?8 3J w$qr 2?5 %96 qF772=@ }6HD ?62C z6Jq2?< r6?E6C]k^Am

kAm%96 @C:8:?2= 4@?DF=E2?ED 6IA64E65 ~AE:@? a E@ 36 E96 D:8?:7:42?E=J 4962A6C @AE:@? D:?46 E96 w$qr D:E6 :D 2 3=2?< D=2E6 H:E9 ?@ 6I:DE:?8 @?\D:E6 56G6=@A>6?E]k^Am

kAmqFE E96 2?2=JD:D 3J %GD56D:8? 6DE:>2E65 E96 E96 w$qr^r2?2=D:56 =@42E:@? H@F=5 4@DE S`ec]f >:==:@? >@C6 E92? E96 s6=2H2C6 pG6?F6 D:E6] %96J 4:E65 D6G6C2= C62D@?D 7@C E96 :?4C62D65 4@DE[ :?4=F5:?8 E92E :E H@F=5 36 2 3:886C AC@;64E 2?5 E92E E96 D:E6 =24<D E96 :?7C2DECF4EFC6 2?5 FE:=:E:6D E92E 2=C625J 6I:DE 2E E96 s6=2H2C6 D:E6] xE 2=D@ 92D 9:896C 6?G:C@?>6?E2= 4@DED 5F6 E@ EC@F3=6D@>6 D@:= 4@?5:E:@?D 2?5 @=5 F?56C8C@F?5 H2E6CH2JD E92E 2C6 4FCC6?E=J 4@G6C65 3FE H@F=5 ?665 E@ 36 C6C@FE65[ D2:5 %GD56D:8? !C:?4:A2= #@36CE y] $G6536C8]k^Am

kAmQ$FCAC:D:?8=J[ E96 s6=2H2C6 D:E6 H2D 3J 72C E96 36DE G2=F6[Q 96 D2:5]k^Am

kAm~AE:@? `[ H9:49 %GD56D:8? =@@D6=J 32D65 :ED C64@>>6?52E:@? @?[ AC6D6?E65 >2;@C 56D:8? AC@3=6>D] xE C6BF:C65 E96 6I9:3:E:@? 92== E@ 36 =@42E65 @? E96 D64@?5 7=@@C[ :?DE625 @7 2E 8C@F?5 =6G6= H96C6 ECF4<D H@F=5 92G6 62D:6DE 2446DD E@ >@G:?8 >2E6C:2= :? 2?5 @FE[ $G6536C8 D2:5]k^Am

kAmp=D@[ E96 255:E:@? @7 EH@ D<J 3C:586D 4@??64E:?8 E9C66 3F:=5:?8D H@F=5 4C62E6 2 5:D;@:?E65 7=@H] p?5 3642FD6 E96 @=5 4@?G6?E:@? 46?E6C :D E@@ @FE52E65 E@ 36 C6?@G2E65 :? 2 FD67F= H2J[ :E H@F=5 ?665 E@ 36 E@C? 5@H? 2?5 C63F:=E[ $G6536C8 D2:5] %92E H@F=5 C6BF:C6 E96 4:EJ E@ D9FE 5@H? 2== 4@?G6?E:@? 46?E6C 3FD:?6DD 7@C D6G6C2= J62CD F?E:= E96 ?6H 3F:=5:?8D 4@F=5 36 4@?DECF4E65]k^Am

kAm$@ %GD56D:8? 7@4FD65 @? E96 s6=2H2C6 pG6?F6 3=@4<] (:E9 2 C64@?7:8FC65 =2J@FE[ E96 4@?DF=E2?E 6DE:>2E65 E96 4@F?EJ 4@F=5 4@?DECF4E 2 E9C66\=6G6= 3F:=5:?8 E92E H@F=5 @A6? FA >@C6 DA246 :? E96 @?6\3=@4< 2C62 E92? @C:8:?2==J 6DE:>2E65]k^Am

kAmxE H@F=5 2=D@ 4@>A=J H:E9 E96 qF772=@ vC66? r@56]k^Am

kAmtI9:3:E:@? 92== DA246 4@F=5 36 C6EFC?65 E@ E96 8C@F?5 =6G6=[ $G6536C8 D2:5] %96 6I:DE:?8 4@?G6?E:@? 46?E6C 4@F=5 4@?E:?F6 E@ 5@ 3FD:?6DD F?E:= E96 @A6?:?8 @7 E96 ?6H 4@?G6?E:@? 46?E6C] (9:=6 E96 6I9:3:E 92== DA246 H@F=5 36 D>2==6C E92? @C:8:?2==J 4@?46:G65 3J w'$ r@?DF=E:?8[ $G6536C8 D2:5 E96 EC6?5D C682C5:?8 E96 >:I 36EH66? 6I9:3:E 2?5 >66E:?8 DA246D 92D D9:7E65 2?5 E92E 2 D>2==6C 6I9:3:E:@? 92== 7@@EAC:?E H@F=5 ?@E 36 2 AC@3=6>]k^Am

kAmu:?2==J[ %GD56D:8? H2D 2D<65 E@ 4@?D:56C 2 AC@A@D2= 3J E96 =2E6 |2C< rC@46[ H9@ @H?65 $E2E=6C r:EJ[ E@ 255 2 =6G6= E92E H@F=5 6IE6?5 E96 4@?G6?E:@? 46?E6C @G6C uC2?<=:? $EC66E 2?5 :?E@ E96 C62C @7 E96 $E2E=6C 3F:=5:?8] p7E6C :ED 2?2=JD:D[ E96 4@?DF=E:?8 7:C> 56E6C>:?65 E92E DF49 2 56D:8? H@F=5 36 DECF4EFC2==J 5:77:4F=E[ 4@G6C 2 DEC66E E92E E96 56D:8? E62> H@F=5 AC676C E@ <66A @A6?[ 2?5 DE:== 72== D9@CE @7 E96 >:?:>F> C64@>>6?565 DBF2C6 7@@E286 7@C 2 ?6H 4@?G6?E:@? 46?E6C]k^Am

kAm k^Am

k3=@4<BF@E6 4=2DDlQHA\6>365565\4@?E6?EQ 52E2\D64C6ElQ+%wK*(?=(&QmkAmk2 9C67lQ^^3F772=@?6HD]4@>^a_a_^_a^`b^AC6D6CG2E:@?:DED\C2:D6\4@?G6?E:@?\46?E6C\4@?46C?D^Qm!C6D6CG2E:@?:DED C2:D6 4@?G6?E:@? 46?E6C 4@?46C?Dk^2mk^Amk^3=@4<BF@E6m

kAmk:7C2>6 E:E=6lQU=5BF@j!C6D6CG2E:@?:DED C2:D6 4@?G6?E:@? 46?E6C 4@?46C?DUC5BF@j U>52D9j %96 qF772=@ }6HDQ 4=2DDlQHA\6>365565\4@?E6?EQ D2?53@IlQ2==@H\D4C:AEDQ DEJ=6lQA@D:E:@?i 23D@=FE6j 4=:Ai C64EW`AI[ `AI[ `AI[ `AIXjQ DC4lQ^^3F772=@?6HD]4@>^a_a_^_a^`b^AC6D6CG2E:@?:DED\C2:D6\4@?G6?E:@?\46?E6C\4@?46C?D^6>365^RnD64C6El+%wK*(?=(&Q 52E2\D64C6ElQ+%wK*(?=(&Q H:5E9lQd__Q 96:89ElQagaQ 7C2>63@C56ClQ_Q >2C8:?H:5E9lQ_Q >2C8:?96:89ElQ_Q D4C@==:?8lQ?@Qmk^:7C2>6mk^Am

kAmk6>m!F3=:4 4@>>6?E @? E96 AC@;64E AC@A@D2= 42? 36 k2 9C67lQ9EEAi^^HHHa]6C:6]8@G^6?G:C@?>6?E^:?56I]A9AnBl3F772=@\?:282C2\4@?G6?E:@?\46?E6CRr@>>6?EQm@776C65 96C6k^2m F?E:= |2C49 `c]k^6>mk^Am