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Message: [QUOTE="NJCuse97, post: 5437010, member: 5058"] I understand that, but with all the capital needed to make such a development (lets face it, it's a "clear it out and start over" scenario) along with the cost of that capital (high risk investment for a venture fund unless the underwriting bottoms out the acquisition and carry cost. Capital is at a higher interest rate than ever in the last 10 years) SU would have to charge almost nothing for the land to get a fish on, and then assume the risk that it all gets handed back to them if the venture fails. What I am seeing in the market right now, I would be surprised if a developer (a GP) can make it work for the money (a LP) to be committed. Given the potential for highway access, I believe private development would look at that property for industrial/warehousing first. [/QUOTE]