(That's backed up by further analyses and even a comment by then-ESDC CEO Marisa Lago, who in April said the project would take "decades.")
Well, sort of, but it wasn't exactly emphatic.
ESDC Senior Counsel Steven Matlin told the board this morning, "In addition, under separate cover, we’ve provided the directors with a confidential report prepared by KPMG with respect to the development model and the potential absorption of the residential component of the project during the development period. KPMG has concluded that it’s not unreasonable to assume that the housing units to be developed can be absorbed in the marketplace during the projected development period."
Matlin spoke to reporters afterward. ""Quite frankly, we're going to allow for additional time if additional time is needed," he said. "But we think the ten-year period is reasonable and we think we could accomplish that."
What did KPMG look at? Demographics, trends, pricing information, and the level of affordable housing vs. market housing, he said.
"Why did they reach the conclusion that it's not unreasonable but they didn't say something like 'it most likely will happen'?" he was asked by Matthew Schuerman of WNYC.
"I'm not sure I want to question why they chose that language as opposed to other language," Matlin responded. "But we think ten years is a reasonable period."
Did the report respond specifically to the Kahr report? The KPMG report was commissioned before the Kahr report was received, but the latter was shared with KPMG. "They certainly didn't respond to it directly but they looked at it," he said.
Will the public get to see the KPMG report? (Remember, a previous KPMG report surfaced officially only in litigation.)
"The KPMG report was provided to the directors on a privileged and confidential basis," Matlin said. "Quite frankly we're looking at now whether we can release the document. We may have to redact a portion. There could be some proprietary information. So we haven't reached that decision, but we're going to look at it in the next few days."