Airbnb CEO dontaes $100 million to SF parks

That is a huge amount of money, especially when you talk about a park system like here in San Francisco. We're at Sue Berman Park. You know, we've covered this story that this is one of the parks that is currently under construction on the city's Embarcadero. This is one of the parks that will see some immediate impact from that gift to the city. Now the mayor is saying he is working to make sure that the billionaires who live in San Francisco benefit the city. In San Francisco's Golden Gate Park, Mayor Daniel Lurie announced a stunning $100 million gift to the city from Airbnb co-founder and CEO Brian Chesky. The mayor is saying the city has helped create billionaires who can now help others. We have seen an extraordinary creation of wealth and innovation in our city. And with that comes enormous responsibility and opportunity and obligation. The gift is set to benefit parks throughout the city. Chesky's saying after all San Francisco has given to him, it was time to give back. So this is a big first step. I want to learn from it. What I'm most excited about is how tangible it is. And I look forward to the day, not just a few years from now, where I can go to a park, a park that might not have been open, or it's expanded hours, or it's complete, and there's children, there's families, there's senior citizens all enjoying that park together. The head of the Recreation and Parks Department said the money will benefit parks throughout the city. India Basin Waterfront Park in Hunters Point is among the first parks in the city that will see additional funding to complete construction here. The money will also help expand pool hours at Garfield Square Park, even create a new park in the city's south of Market. Altogether, this gift will transform 24 acres of open space, Ensuring that 93,000 San Franciscans will benefit from new or ...or improved parks within a half mile of where they live, and 20,000 of those people are seniors or children. San Francisco's mayor pointed to this gift as to why he and so many Californians opposed Proposition 40, the so-called billionaire's tax. He said given the austere budget environment, he will continue to work with those who have the means to benefit the city. It's what I've been working on for the last 25 years of my career, is to get... Business involved and engaged in the community and giving back. Chesky, the man behind this gift, said he hopes that other billionaires in San Francisco follow in his footsteps. The mayor said that's the idea here, highlighting gifts like this to encourage those who can to take action. You guys both know that this is not the first billionaire who has gifted the city. So this is something that the mayor says is one of his priorities, is working with these people in San Francisco. And it raises a whole lot of issues. This is still a hotly contested issue here in San Francisco because it's It is a city where a lot of people point out the inequity. While we have billionaires who live in San Francisco, we also have people who are experiencing homelessness. The hope, the mayor says, is to try to bring it together so that those who have much to give, give. All right, Christian. Yeah, certainly that is a concept that I think a lot of people can get behind. All right, Christian and Catherine reporting live. Thank you.