Well, there are a number of reasons when you say that you haven't broken ground yet. In some cases in terms of stalled projects, they have broken ground and are stalled. They have started, and they wouldn't be considered a start yet, based on what we've been talking about in our remarks. By the definition, it wouldn't be considered a start yet. Excavation permits have been received and ground has been broken, and then things do change that impact how a project can move forward. It's not necessarily that it won't be completed, but it might take much longer because the developer has to make some adjustments and figure out how they can adapt to changing conditions.
As for the ones that haven't started, that's a whole other conversation entirely in terms of how long it takes to get through the process, to get the necessary approvals and to get the permits. As that's happening, as we've been talking about, the number of conditions that can change, that can impact whether a project can in fact go forward, are different now, perhaps, from maybe five years ago when the project was first envisioned. That's why we advocate for faster approval times and we need to cut red tape. We need to get through some of these predevelopment processes more quickly to capitalize on better conditions, hopefully.
