Wednesday, July 21, 2010

A Poor Choice of Words

In the last installment of The Washington Post series “Top Secret America,” Dana Priest wrote that I am hoping to make “a killing off an organization many of his neighbors don't know a thing about.”

Those were the reporters’ words, certainly not mine.

To be sure, my partners and I intend to profit from the risk that we took in starting a speculative building in the middle of a recession. In order to move this project forward at a time when most banks would not even consider a commercial real estate project required us to put our personal finances on the line. If no one steps up to lease this building in the next twelve months the only ones killed financially will be us.

On the other hand, if we are successful, we will realize a return on our investments that is commensurate with the risk we undertook. In no way will it be a windfall.
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