In reply to Sean Hayford Oleary.

I like your nuance that it's OK if the market doesn't catch up. Thank you.

The Seward proposal that was voted on a couple weeks ago is a good example -- that "market rate" TIF proposal is proposing median rents (as opposed to high-end rents). That's a neighborhood that needs and can support non-subsidized apartments, but they can't get built because lenders won't lend. That doesn't mean the neighborhood will (or that we want it to) support high-end apartments. And it's a good use of TIF.