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Phase 2, consisting of the remaining buildings and expansion of the water feature at the north end of the site, was under construction as of late 2006

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"We also run additional sensitivity scenarios such as a one-time steep decline in cigarette consumption to address potential shocks to the industry or significant regulatory changes." Over the long term, MMA's Fabian said, "the whole asset class has a payment sufficiency challenge." As cigarette smoking declines and is eclipsed by vaping, tobacco settlement revenues haven't kept up with projections