SFGTV July 16, 2014
Done by independent third party an appraiser. It reflected a reasonable assumption of development to the property far less than tenderloin housing clinic originally anticipated. I think it was a very good reflection of the number of units that the property could yield in the future. It did not an attribute any value to any of the improvements. It did not attribute any value to the subemerged lots. We are only paying for the lots that are dry. Although as you will note in the report about half of the property is actually underwater. So, we are not in a position where we are paying for anything ...