The Company currently has thousands of sites in various stages of planning and construction beyond its current build plan, and it intends to suspend zoning and permitting in a portion of those sites until such time as additional funding becomes available.

ENGADGET: Clearwire reports Q4 earnings: staff, marketing, stores, and handset plans all scaled back

Chief Minister, Senator Ian Gorst, said sites set aside in the last Island Plan would be brought forward for re-zoning to provide new homes.

BBC: Senator Ian Gorst

The development corporation was set up five years ago, as city and state officials negotiated with Columbia for zoning changes and government land seizures of commercial property the university needed for its 25-year plan to stretch its campus into a 17-acre swath of land west of Broadway between 129th and 133rd streets.

WSJ: Pact's Benefits in Limbo