I don't buy this argument at all. They were proposing to build 134 condos at $5 million each. That isn't increasing the housing supply (much), it is giving away

I don't buy this argument at all. They were proposing to build 134 condos at $5 million each. That isn't increasing the housing supply (much), it is giving away the one-of-a-kind waterfront for some pied-à-terres for rich out of state buyers.