It is the desire of the COJ/JRA to develop the Properties as described in its entirety. It is however anticipated that achieving such a vision will take time. It is expected, that at a minimum, the ultimate Development Agreement shall address the ordered development of several key components, focused on the eastern portion of the properties that borders Pascagoula and Pearl Street. All other components should be proposed as deemed viable by the Developer(s), to be implemented over a mutually agreed upon timeline. It is hoped that successful completion of the first phase of work will be transitioned into subsequent strategic development opportunities with the team. At the present time we are only seeking a statement of qualification but we wanted to provide as much history on the proposed development.