It's hard to know exactly what "site readiness" includes, but it usually means putting down roads, traffic control, etc. In this case, it could literally also m

It's hard to know exactly what "site readiness" includes, but it usually means putting down roads, traffic control, etc. In this case, it could literally also mean the real estate costs of permitting and clearing the lots for their construction. But again, these are usually improvements the state gets to keep, or are marketing costs for the land they were trying to develop. So not ideal but not a total loss either.