The corporation expects to begin issuing formal plans on individual topics, like transportation and the memorial, beginning next month.

And that means the corporation can expect lower profits from its own processing operations.

It would be the first of about $10.8 billion of bonds the corporation expects to sell over the next three to five years.

The corporation expects to make $1.5 billion available for this program.

Within five years, the corporation expects the industry to generate $900 million per year in economic activity, up from $600 million in 2004.

The corporation does not expect the future project to draw more than that and believes it may be considerably less.

Mr. Grogan said a corporation or developer investing $1 million in such a project could expect a 15 percent rate of return on that investment.

The corporation, which now rents out space in the building to several stores and a restaurant, expects to begin renovations in about two years.

The corporation expects to put the plan through the city's approval process this fall.

In addition, the corporation expects gross parking revenues of $300,000.