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YUEN:Maybe because IÓm an attorney as well, I use the term econo <br />rather than rights. The landowner has economic interests that have to be respected in a <br />land use process. The right to develop this property is subject to regulation under, in this <br />case, if the zoning, he has the zoning, heÓs subject to regulation under the conditions of <br />the SMA law. However, in applying those conditions, we, in my r <br />and say, ÐWell, lots of people in the public would like to see nothing happen on this piece <br />of property at all, Mr. Blasman and his partner are perhaps the only people that really <br />want to see a condominium built there; therefore, I am not going to pay any attention at <br />all to his interests.Ñ His economic interest in being the landowner of the property is <br />something that deserves and has, I think, I hope, received a great deal of consideration in <br />this process. <br />TOGASHI:You wouldnÓt deny though that he can still have an economic interest by <br />perhaps even considering a single-family house? Would he not still have an economic <br />interest? <br />YUEN:ThatÓs, that would be Î. <br />TOGASHI:That house would have some value attached to it. <br />YUEN:As, as an economic use of the property in terms of that, that being a viable <br />economic use, that is true. A single family residence would be a viable economic use of <br />the property. It would not, it might cause him a financial loss in terms of what he wanted <br />to do or in terms of what he invested in the property, but it would be, it would provide <br />some economic use of the property. <br />TOGASHI:ThatÓs about all I have. Thank you. <br />GIFFIN:Okay. Hannah? <br />SPRINGER:Just to clarify for myself, following on Commissioner TogashiÓs last <br />question. <br />In the same way that this panel should not nullify the ApplicantÓs economic interest, are <br />we under any obligation to maximize it? <br />YUEN:No. <br />SPRINGER:Thank you. Also in that regard, very early in this process, Ms. Roy <br />commented that the present buildings, although dilapidated, are less offensive because of <br />their single story nature. The State Historic, or State Parks administrator Dan Quinn <br />recommended the single story construction. Would not that single story construction <br />have less, require less excavation and, again, offer some economic enterprise by the <br />Applicant, but be less intrusive to the neighboring property? <br />9 <br /> <br />