$200 million of it will go towards land purchase and residential development. Since when did real estate speculation become a "startup?" And he wants to devel

$200 million of it will go towards land purchase and residential development. Since when did real estate speculation become a "startup?" And he wants to develop more residential areas in the city with the highest foreclosure rate in the US? And among the cities with the most empty houses. I hate to be critical, but...this seems like a bad idea. $350 million is also probably not enough money to create significant impact - to do anything on the scale of a neighborhood or borough, you are talking a multibillion dollar project.