That's good planning. That's what government is supposed to do - spend the 
entire budgeted amount.

Good thing someone didn't suggest the budget to try to win back the development 
rights be $400,000. Guess what would of happened.

So in then end, the developer (IStar) gets to keep their rights to develop 
according to some plan that is being worked on and will probably be best for 
everyone - within reason.

If they do work from west to east, even smarter. Why? They'll build the "lower 
entry" point units and create a demand for the gold views - the ocean. 

By time this happens, the economy will be - not much better, but there will be 
demand  - ocean view rentals, sales, smart hotel rooms.

I think I read the mayor say yr 2020 - smart. 



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