Avoiding a Lennar meltdown - Page 2

Supervisors should worry about homebuilder's finances

Would that city land be treated as a private asset and given over to whatever creditor or vulture fund picks up Lennar's ghost?

Fred Blackwell, the director of the Redevelopment Agency, won't return our phone calls, but the supervisors need to hold a hearing on this and force him and Lennar to provide some answers. The board needs an independent audit of Lennar's finances, either by Budget Analyst Harvey Rose or an outside consultant. And until the city knows for sure that the developer can actually handle this project, the entire redevelopment process for Bayview–Hunters Point needs to be put on hold. *