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<DIV>You make good points Bruce, and I'm sure you are aware of the economic
situation, but this is a public board so I'm trying to spell it out for all
interested. It's not just about you so please don't take it that way.
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<DIV>How are you so certain that it's NOT going to get better. It is NOT
a no brainer! There are way too many variables. We all have some optimism,
here. I'm not living in LA LA land. </DIV>
<DIV> </DIV>
<DIV>BOTTOM LINE. If you bring in shoddy business, you keep shoddy business.
PERIOD. </DIV>
<DIV> </DIV>
<DIV>In a message dated 9/11/2007 8:11:41 A.M. Eastern Daylight Time,
bruce.wernek@mindspring.com writes:</DIV>
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<P>For your information, I'm very much aware or the economic situation.
It's part of my job as a landlord. This is precisely the reason I'm
bringing all of this up. If things get worse, what do you think is going
to happen to the Town Center? So far nothing has happened,
it's certainly not going to get better. Commerical paper is drying up
because banks are afraid to lend. Where do you think Jemal is going to
get the money he needs to finish up his spaces in the Town Center. If he
has access to capital in a tight credit market, do you think he's going to
invest it in Riverdale, or his properties on U St, in Bethesday, etc?
It's a no brainer.</P></FONT></BLOCKQUOTE></DIV>
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