Q. You talk about the economic opportunities that the foreclosure crisis has created. At the same time, it seems like people have less and less money to do big projects. Financing has become very difficult for a lot of developers. How do you see those things balancing out?
A. Of course, right now it's very difficult to even think about any large project. However, there is a whole range of tools which are prepared for very different economic conditions and for very different scales. That is why the whole method is structured from the bigger picture of the region going all the way down to the community scale and all the way down to the block or the building, to be able to respond to different economic conditions.
It might be a government, regional organization, or municipality thinking about their future development as a larger place, as a region. Or it might be a developer who can maybe intervene in one block, who can actually take advantage of some of the foreclosures -- maybe acquire a block of some of these foreclosed properties, and do something on a much smaller scale. And all the way down to the single building. People are thinking about the second generation of some of these suburban building sites coming through the next cycle.