Joe,

As I said in the post just before this I didn't know how the tax status of OPA affected property taxes. Therefore, since it appears everyone was operating under the same premise, wouldn't it make sense that if OPA owed taxes and the assessed value were lowered that OPA would benefit.

One other thing you need to understand. When the contract review group looks at contracts we are not negotiating price, nor do we have any input regarding pricing (received or paid), we are looking at the terms and conditions and form of contract. We are not part of the group negotiating the deals, we simply look to make sure the contract language to execute the deal is sufficient, in our opinion, to protect OPA. Our group works strictly through the GM.

Let's face reality -- those reviewing the lease were not aware of the information I reported here with regard to the real estate taxes on both of our Ocean City properties.

I was not, I can't speak for others and as I have said net cash flow was the important number to me.