At his press conference today, Alan Klein spoke of fear mongering by those who would paint him as being anti development. He insists that he’s not.
The problem is that the only developments he supports are those that he and his supporters dream up. They support development scenarios conjured up in living rooms by people who aren’t putting actual capital at risk. They support Disney World with free all day passes.
What they don’t support is supportable development, the type of development that real capital would subject to risk with the reasonable expectation of a return.
I don’t think that’s fear mongering, I think that’s anti development.
Flush With Cash
12 hours ago