[The ATX]

Caution would be wise with anything proposed by the We Company right now.

They still have money and Investors. But they have to reduce their cash burn significantly in order to get support for their next IPO attempt. If WeWork, Soft Bank, etc, really believe in the project, they could move forward on it. But I don't see them developing all four towers any time soon. They could sell the former WPP project to raise cash and just build Block 190. Or they could sit on it for a few years until they have better cash flow since they just got the site plan extension for five years.

Also, I was wondering why the ZC request listed the current zoning as CBD-Cure to proposed CBD-CURE in one spot and current CBD to proposed CBD in another. That doesn't sound like a change. But after reading through the attachment they are changing from one type of CBD-CURE to another type of CBD-CURE. The updated CBD-CURE would allow them to go to the Design Commission for the needed Density Bonus/FAR increase.