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Even though the Office of Planning made a reasonable proposal which would only increase height by 25% (I think it could have been higher), the City Council did not vote in favor of considering a change.
This disappointing result stems from a combination of several unusual factors: Raising equity during conservatorship is basically a non-starter, as potential investors would reject becoming shareholders of F&F knowing that they would be totally disenfranchised, i.e., with no ability to receive dividends, vote for board members, etc.
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