Thank you for posting this. Lloyd did a great job framing this issue.
Some have made the comment that they received a billion $ from the sale of the Brooklyn Heights property.
This is true, however, an organization needs to think about this investment capital from operating cash flow. I see the unspoken theme is that they have a major issue with operating cash.
Yes, they can spend capital funding on operations, but once that is gone, the party is over. I think the GB has discovered that it is very easy to spend money and much harder to collect money - and they are scared.
Just my random thoughts as a CPA and accounting professor...