Thor Equities And Their Fence Permits Have Expired

Coney Island's roving eye and Coney Island USA message board poster; Capt_Nemo has taken a closer look and found that the expiration dates on Thor Equities' blue 'construction' fences have expired. Many of these permits expire before the city takes any further steps we could presume but as Capt_Nemo questions:

And isn't there some kind of statue saying if you put up a construction fence, you must build something sooner or later?

Images courtesy of Capt_Nemo (CIUSA message board)