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3/1 /2011 <br />Good development partner <br />Financing thought about ahead of time <br />Subordination agreement: <br />Political implications of revisiting agreements <br />Bank view of special assessments <br />Provide some security <br /> <br />urre ret <br />Market Vacancy too high to support New <br />Construction <br />Financing (generally) not available for Speculative <br />Development <br />Build-to-Suit Developments are being completed <br />Developers on the Sidelines <br />Preserving cash reserves <br />Selling land, not buying ~,~~~r ~~, <br />~~ <br />,~ <br />„~~~~~N , „T~ ~ <br />(Y.' •nis~'A~~~:rM:Ilik4irF,'d~~. <br />6 <br />