To be crystal clear, the phrase I used was with reference to city hall conducting land swaps without proper valuation of the land and RFPs that were clearly designed to put certain tangential pieces of land into the mix.
As I said, I read the audit closely, twice. I think there are plenty of legitimate questions out there. I wasn't aware that there's still a discrepancy between the auditor's position and Waterfront's position, but I've certainly read the testimony of Waterfront that the RFP was longer. It will be impossible until all of us are dead, and then some, to improve our fee practices in this country with our different agencies.
With respect to Ms. Di Lorenzo's concerns, and concerns about governance, we're trying to look forward. What we know is that we have supreme confidence in the new chair, Mr. Diamond. We know several of the directors around the table. If there were concerns that they weren't looking at over their shoulder before, you would have seen, as we did with that warning, that the board is taking earnest care to say that they're going to be very careful on due diligence when they get an MIDP. This is ultimately going to be the assessment of whether or not Sidewalk has access to Quayside, let alone whether it has any ability to provide services everywhere else on the site.
Part of what's funny about this whole issue is that, with so many points of decision and gatekeeping ahead of us.... If it was a situation where Sidewalk suddenly won exclusive right to do whatever it wanted on dozens of acres and then submit a price to an appraiser, you'd be hearing different testimony from me right now. Instead, we have a series of processes where, for Sidewalk's sake, I'm actually more worried about the risk of inertia in terms of getting through city development approvals and getting through the MIDP. None of those will necessarily be easy, given what's transpired in the debate now. Since we share a couple of the critics' concerns in terms of issues like data and so forth, we're at the table watching as well as supporting. I hope that makes the process a more positive one for the critics as well as the fans.
