Page 17 - Development Parcels News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Problems, i am just asking. What the back up plan . Correct. Okay. It is a good question. The other tool that is a component of the project is the melaruse Community District financing tool. It allows the establishment of special taxes that would be leveed on each of the parcels in the development. And that can add some incremental value to be able to fund infrastructure. The effect of that, however, is that if you levee special taxes on the Development Parcels you will have a corresponding decrease in the long term value of the parcels. So there will be an impact on the finances of the projec...

Thank you. Thank you jonathan. To sum up a unique opportunity at this wonderful location and we believe that we have the right project before you today. It is going to improve over the next several months and years, as we go through the entitlement process it has improved since it was proposed in the rfp er a and we have a great partner and a good team and we are very excited to move forward. Again the location, we could not ask for a better location, we think that is going to take advantage of the market and the market is going to reflect the value that the site has given the location and giv...