What I wouldn't give for $2 million cash-on-hand and another $18 million in financing.

The folks at Destiny USA failed to meet a deadline yesterday for putting a $1.8 million down-payment on 36 acres at the Inner Harbor. That's 10% of the purchase price they agreed to as part of a $230 million development proposal.

Destiny became the preferred developer in 2002 after the Canal Corp., which owns the harbor, put out a RFP. Earlier this year, the Canal Corp. told them to poop or get off the pot, or the Canal Corp. was going to use a different rest room.

The Canal Corp. held off until the harbor has been used successfully for a number of events this summer, and two weeks ago demanded a down-payment from Destiny by the 10th, which was yesterday.

Rather than send a payment, Destiny said, "let's talk," which Canal Corp. Director Carmella Mantello agreed to do – but said that the Canal Corp. wasn't backing off a deadline.

So, my thought is, if someone comes by with a development plan, a better offer, and a down-payment, there's no way Mantello could say no. Anybody want to buy a harbor? We've got some great ideas for you.