Hmmmm, curious to know what the developer was offering you?
I must say I am impressed with the improvements this year along the oceanfront. I attended a few city meetings in '06 and wondered if what the developers were discussing would ever come to fruition. Much to my surprise, much of what was discussed during those meetings came about in 2007.
The activity this year has also been stepped up a well as the media advertising. Just this morning on the 6:00 a.m. radio show, they advertised their tree lighting, house tours, restaurant deals and more all planned for this weekend. It certainly made me want to change my plans for the evening.
I do agree that it is still pretty ugly. However, r u saying that the level of risk for an investor remain too high?