Well the funny thing is, the city is the one that screwed everyone over, not the developers. The developers are getting screwed over because sales have slowed down dramatically due to the city's inaction.
Are we to not trust our own city? They promised a park and are not delivering. First off, how anyone can promise a park on land they do not own is beyond me. Most people were not aware the land did not belong to the city. Thus the city misrepresenting the situation.