John Maybury serves it up straight in his Wandering and Wondering column of September 13th, 2006:

[Peebles] is a businessman with a huge investment to recoup, and an even bigger loan to pay off. He is not a charity. He is not here to rescue us from our fiscal dilemma. He is here to play high-stakes poker, win big, and cash in his chips. Don't fall for the sweet talk.

Exactly. Measure L would authorize 355 housing units in the Quarry. Everything else is just noise.