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Meeting the requirements of the market and entitlement don’t create the approvals from multiple departments that have the authority to grant permits.
That is, development is often not a stepwise process; many parts of the process are concomitant. A parcel of land might feasibly sustain dense development, but if the zoning is wrong it won’t work.
He said he thinks what the selection process ultimately came down to was the costs of the proposed development projects, with Park Row Development asking for the lower amount of public subsidy.